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Effects of state-dependent forward guidance, large-scale asset purchases, and fiscal stimulus in a low-interest-rate environment

Coenen, Günter; Montes-Galdón, Carlos; Smets, Frank - In: Journal of money, credit and banking : JMCB 55 (2023) 4, pp. 825-858

Persistent link: https://www.econbiz.de/10014306115

Time inconsistency and free-riding in a monetary union

Chari, Varadarajan V.; Kehoe, Patrick J. - 2008 - Rev.

Persistent link: https://www.econbiz.de/10003709585

Time inconsistency and free-riding in a monetary union

Chari, Varadarajan V.; Kehoe, Patrick J. - In: Journal of money, credit and banking : JMCB 40 (2008) 7, pp. 1329-1355

Persistent link: https://www.econbiz.de/10003761412

Time inconsistency and free-riding in a monetary union

Chari, Varadarajan V.; Kehoe, Patrick J. - 2002

Persistent link: https://www.econbiz.de/10001716933

Time inconsistency and free-riding in a monetary union

Chari, Varadarajan V.; Kehoe, Patrick J. - 2002

"We analyze the setting of monetary and nonmonetary policies in monetary unions. We show that in these unions a time inconsistency problem in monetary policy leads to a novel type of free-rider problem in the setting of nonmonetary policies, such as labor market policy, fiscal policy, and bank...