Browsing by Author "Poirier, Arthur"
2014-07-01BuchDiscount Factor Shocksand Labor MarketDynamics Albertini, Julien; Poirier, ArthurIn this paper we investigate the labor market dynamics in a matching model where fluctuations are driven by movements in the discount factor. A comparison with the standard productivity shock is provided. Movements in the ...
2014-02-19BuchThe composition of government spending and the multiplier at the Zero Lower Bound Albertini, Julien; Poirier, Arthur; Roulleau-Pasdeloup, JordanWe investigate the size of the multiplier at the ZLB in a New keynesian model. It ranges from around -0.25 to +1.5, depending on the extent to which government spending is productive, substitutable or not for private consumption.
2014-02-19BuchUnemploymentbenefits extensions atthe zero lower boundon nominal interestrate Albertini, Julien; Poirier, ArthurIn this paper we investigate the impact of the recent US unemployment benefits extension on the labor market dynamic when the nominal interest rate is held at the zero lower bound (ZLB). Using a New Keynesian model, our ...