NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Unconventional Fiscal Policy at the Zero Bound

Isabel Correia, Emmanuel Farhi, Juan Pablo Nicolini, Pedro Teles

NBER Working Paper No. 16758
Issued in February 2011

---- Acknowledgements -----

This paper circulated with the title Policy at the Zero Bound. We thank Fernando Alvarez, Pierpaolo Benigno, Javier Garcia-Cicco, Patrick Kehoe, Narayana Kocherlakota, John Leahy, Kjetil Storesletten, Sam Schulhofer-Wohl, Harald Uhlig, Tao Zha, participants at the 8th Hydra Workshop, and at seminars at the University of Chicago, Princeton U., U.C. San Diego, Bank of Spain, the Federal Reserve Banks of Atlanta, Chicago, Minneapolis and St Louis, and the Board of Governors. Correia and Teles gratefully acknowledge Òˆnancial support of FCT. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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