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dc.contributor.authorKaszab, Loranten_US
dc.date.accessioned2012-07-18en_US
dc.date.accessioned2012-11-02T14:27:34Z-
dc.date.available2012-11-02T14:27:34Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/65766-
dc.description.abstractThis paper finds that labor tax cut can be an effective policy tool to mitigate the negative effects of a shock that made the zero lower bound on the nominal interest rate binding if the economy features rule-of-thumb households (besides Ricardian ones) and nominal rigidities in prices and wages. Our results are meant to contribute to the discussion initiated by Eggertsson (2010a) who found labor tax cut policy destabilising under zero nominal interest rate in a New Keynesian economy consisting only Ricardian consumers.en_US
dc.language.isoengen_US
dc.publisherCardiff University, Cardiff Business School Cardiffen_US
dc.relation.ispartofseriesCardiff Economics Working Papers E2012/13en_US
dc.subject.jelE52en_US
dc.subject.jelE62en_US
dc.subject.ddc330en_US
dc.subject.keywordfiscal policyen_US
dc.subject.keywordzero lower bounden_US
dc.subject.keywordlabor tax cuten_US
dc.subject.keywordNew Keynesianen_US
dc.titleRule-of-thumb consumers and labor tax cut policy in the zero lower bounden_US
dc.typeWorking Paperen_US
dc.identifier.ppn719685028en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Cardiff Economics Working Papers, Cardiff Business School, Cardiff University

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