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COVID-19 coronavirus and macroeconomic policy

Fornaro, Luca; Wolf, Martin - 2020

Persistent link: https://www.econbiz.de/10012217402

Optimal monetary and fiscal policy with a zero bound on nominal interest rates

Schmidt, Sebastian - In: Journal of money, credit and banking : JMCB 45 (2013) 7, pp. 1335-1350

Persistent link: https://www.econbiz.de/10010197463

Fiscal sustainability in a new Keynesian model

Leith, Campbell B.; Wren-Lewis, Simon - In: Journal of money, credit and banking : JMCB 45 (2013) 8, pp. 1477-1516

Persistent link: https://www.econbiz.de/10010344574

Fiscal activism and the zero nominal interest rate bound

Schmidt, Sebastian - In: Journal of money, credit and banking : JMCB 49 (2017) 4, pp. 695-732

Persistent link: https://www.econbiz.de/10011946433

Expectations-driven liquidity traps : implications for monetary and fiscal policy

Nakata, Taisuke; Schmidt, Sebastian - 2019 - This draft: June 2019

We study optimal monetary and fiscal policy in a New Keynesian model where occasional declines in agents' confidence give rise to persistent liquidity trap episodes. There is no straightforward recipe for enhancing welfare in this economy. Raising the inflation target or appointing an...

Persistent link: https://www.econbiz.de/10012181947