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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

Optimal simple and implementable monetary and fiscal rules

Schmitt-Grohé, Stephanie; Uribe, Martín - In: Journal of monetary economics 54 (2007) 6, pp. 1702-1725

Persistent link: https://www.econbiz.de/10003556145

Price level determinacy and monetary policy under a balanced-budget requirement

Schmitt-Grohé, Stephanie; Uribe, Martín - 1998

-in-advance economy under three alternative monetary policy regimes. It shows that the price level is indeterminate under a nominal …

Persistent link: https://www.econbiz.de/10011576552

Optimal fiscal and monetary policy in a medium-scale macroeconomic model

Schmitt-Grohé, Stephanie (contributor); … - 2006

In this paper, we study Ramsey-optimal fiscal and monetary policy in a mediumscale model of the U.S. business cycle. The model features a rich array of real and nominal rigidities that have been identified in the recent empirical literature as salient in explaining observed aggregate...