It takes the average reader and 32 minutes to read The Euro-Area Government Spending Multiplier at the Effective Lower Bound by Adalgiso Amendola
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We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with Bayesian methods to compute government spending multipliers. The multipliers are contingent on the overall monetary policy stance, captured by a shadow monetary policy rate. In the short run (one year), whether the fiscal shock occurs when the economy is at the effective lower bound (ELB) or in normal times does not seem to matter for the size of the multiplier. However, as the time horizon increases, multipliers diverge across the two regimes. In the medium run (three years),...
The Euro-Area Government Spending Multiplier at the Effective Lower Bound by Adalgiso Amendola is 32 pages long, and a total of 8,064 words.
This makes it 11% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 44 minutes to read The Euro-Area Government Spending Multiplier at the Effective Lower Bound aloud.
The Euro-Area Government Spending Multiplier at the Effective Lower Bound is suitable for students ages 8 and up.
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