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Understanding inflation as a joint monetary-fiscal phenomenon

Leeper, Eric M.; Leith, Campbell B. - 2016

Persistent link: https://www.econbiz.de/10011431553

Monetary-fiscal policy interactions and fiscal stimulus

Davig, Troy; Leeper, Eric M. - 2009

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Monetary science, fiscal alchemy

Leeper, Eric M. - 2010

"Monetary policy decisions tend to be based on systematic analysis of alternative policy choices and their associated macroeconomic impacts: this is science. Fiscal policy choices, in contrast, spring from unsystematic speculation, grounded more in politics than economics: this is alchemy. In...

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Clearing up the fiscal multiplier morass

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Clearing up the fiscal multiplier morass : prior and posterior analysis

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Interpreting the unconventional US monetary policy of 2007-09

Reis, Ricardo - 2010

compares the Federal Reserve's actions with the literature on optimal policy in a liquidity trap. The theory suggests that, to … securities markets can restore liquidity with fewer government funds than extending credit to the originators of loans …

Persistent link: https://www.econbiz.de/10003931157