Similar Search Results

Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?

Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015

We show that a .scal expansion by the core economies of the euro area would have a large and positive impact on periphery GDP assuming that policy rates remain low for a prolonged period. Under our preferred model speci.cation, an expansion of core government spending equal to one percent of...

Persistent link: https://www.econbiz.de/10011294265

Fiscal stimulus in liquidity traps : conventional or unconventional policies?

Lindé, Jesper; Lemoine, Matthieu - 2020

Persistent link: https://www.econbiz.de/10012504850

Fiscal consolidation under imperfect credibility

Lemoine, Matthieu; Lindé, Jesper - 2016

This paper examines the effects of expenditure-based fiscal consolidation when credibility as to whether the cuts will be long-lasting is imperfect. We contrast the impact limited credibility has when the consolidating country has the means to tailor monetary policy to its own needs, with the...

Persistent link: https://www.econbiz.de/10011471457

Monetary policy analysis in backward-looking models

Lindé, Jesper - 2000 - This version: November 3, 2000

In this paper, I investigate quantitatively how sensitive a typical backward-looking model used in monetary plicy analysis is to the Lucas critique. To do this, I use an equilibrium business cycle model with a Taylor-type rule for nominal money growth. The backward-looking model displays...

Persistent link: https://www.econbiz.de/10011584317

Fiscal policy and interest rates in a small open economy

Lindé, Jesper - 2000

conventional stochastic macro model designed for a small open economy. The empirical investigation undertaken utilizes data for …

Persistent link: https://www.econbiz.de/10010128015

Bayesian estimation of an open economy DSGE model with incomplete pass-through

Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; … - 2005

In this paper we develop a dynamic stochastic general equilibrium (DSGE) model for an open economy, and estimate it on … Euro area data using Bayesian estimation techniques. The model incorporates several open economy features, as well as a … number of nominal and real frictions that have proven to be important for the empirical fit of closed economy models. The …

Persistent link: https://www.econbiz.de/10011583872