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Inflation Dynamics: The Role of Public Debt and Policy Regimes

Bhattarai, Saroj; Lee, Jae Won; Park, Woong Yong - Crawford School of Public Policy, Australian National … - 2013

We investigate the roles of a time-varying inflation target and monetary and fiscal policy stances on the dynamics of …

Persistent link: https://www.econbiz.de/10010718046

Inflation dynamics : the role of public debt and policy regimes

Bhattarai, Sarjo; Lee, Jae Won; Park, Woong-yong - 2013

Persistent link: https://www.econbiz.de/10010211768

Inflation dynamics: The role of public debt and policy regimes

Bhattarai, Saroj; Lee, Jae Won; Park, Woong Yong - In: Journal of Monetary Economics 67 (2014) C, pp. 93-108

In a passive monetary and active fiscal policy regime, changes in the value of public debt generate wealth effects on households. Then, in contrast to the active monetary and passive fiscal policy regime, inflation moves oppositely from the inflation target and a stronger reaction of interest...

Persistent link: https://www.econbiz.de/10010939566

Inflation dynamics : the role of public debt and policy regimes

Bhattarai, Saroj; Lee, Jae Won; Park, Woong-yong - In: Journal of monetary economics 67 (2014), pp. 93-108

Persistent link: https://www.econbiz.de/10010510920