Alcala 50
Madrid 28014
Spain
Banco de España
The Fiscal Policy Mix: UI Extensions Shape Fiscal Multipliers
Unemployment Insurance, UI extensions, Heterogeneous Agents, Fiscal policy, Fiscal Multipliers
productivity, public investment, endogenous growth, Next Generation EU JEL Classification: O38
liquidity transformation, precautionary savings, financial frictions, incomplete markets, nominal rigidities
energy prices, green transition, external shocks
Unemployment risk, precautionary savings, hiring subsidies, zero lower bound JEL Codes: E62, E21, E52