Search Results - subject:"Ricardian Fiscal Policy"

Policy Rules Under the Monetary and the Fiscal Theories of the Price-Level

Chadha, Jagjit S. - School of Economics, University of Kent - 2010

Price-level determination requires co-ordination of monetary and fiscal policy to ensure a unique rational expectations equilibrium (REE). This paper derives a number of implications for simple interest rate rules resulting from various fiscal strategies. We show that fiscal choices under either...

Persistent link: https://www.econbiz.de/10008765130

The Fiscal Theory of the Price Level and Initial Government Debt

Daniel, Betty - In: Review of Economic Dynamics 10 (2007) 2, pp. 193-206

fiscal policy for which the set of equilibrium price sequences under non-Ricardian fiscal policy is a proper subset of the … set of equilibrium price sequences under Ricardian fiscal policy. (Copyright: Elsevier) … restricted to standard nominal debt contracts and money. In particular, it is possible to define a stochastic non-Ricardian …

Persistent link: https://www.econbiz.de/10005085598