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~isPartOf:"Discussion papers / CEPR"
~isPartOf:"IMF Working Paper"
~isPartOf:"Journal of monetary economics"
~language:"eng"
~subject:"Finanzpolitik"
~subject:"Theory"
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ECONIS (ZBW)
1,110
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1
Local determinacy in incomplete-markets models
Hagedorn, Marcus
-
2023
Persistent link: https://www.econbiz.de/10014431642
Saved in:
2
The failed theory of the price level
Hagedorn, Marcus
-
2024
The Fiscal Theory of the Price Level (FTPL) is a promise to obtain price level determinacy even if the nominal interest rate is constant. The idea is that a unique current price level ensures that the present value government budget constraint holds. I establish that this idea hinges on the...
Persistent link: https://www.econbiz.de/10014464269
Saved in:
3
Fiscal and monetary stabilization policy at the zero lower bound : consequences of limited foresight
Woodford, Michael
;
Xie, Yinxi
- In:
Journal of monetary economics
125
(
2022
),
pp. 18-35
Persistent link: https://www.econbiz.de/10013350424
Saved in:
4
Comments on "Fiscal and monetary stabilization policy at the zero lower bound : consequences of limited foresight" by Woodford and Xie
Lian, Chen
- In:
Journal of monetary economics
125
(
2022
),
pp. 36-39
Persistent link: https://www.econbiz.de/10013350442
Saved in:
5
The subjective inflation expectations of households and firms : measurement, determinants, and implications
Weber, Michael
;
D'Acunto, Francesco
;
Gorodnichenko, Yuriy
; …
-
2022
Persistent link: https://www.econbiz.de/10013269793
Saved in:
6
Hitchhiker's Guide to Inflation in Libya
Cevik, Serhan
-
2013
This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the econometric results indicate that government...
Persistent link: https://www.econbiz.de/10013082860
Saved in:
7
Managing Credit Bubbles
Martin, Alberto
-
2014
and
consumption
. The "equilibrium" bubble size depends on investor sentiment, however, and it typically does not coincide … "equilibrium" bubble is too low. This leaning-against-the-wind policy maximizes output and
consumption
. Moreover, the same …
Persistent link: https://www.econbiz.de/10013050667
Saved in:
8
Sovereign Debt Markets in Turbulent Times : Creditor Discrimination and Crowding-Out
Broner, Fernando
-
2014
In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then the financial crisis erupted and pushed them into deep recessions, raising their deficits and debt levels. By 2010,they were facing severe debt problems. Spreads increased and, surprisingly,...
Persistent link: https://www.econbiz.de/10013059093
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9
Real Exchange Rate Overshooting in Large Depreciations : Determinants and Consequences
Culiuc, Alexander
-
2020
The consequences of large depreciations on economic activity depend on the relative strength of the contractionary balance sheet and expansionary expenditure switching effects. However, the two operate over different time horizons: the balance sheet effect hits almost immediately, while...
Persistent link: https://www.econbiz.de/10012831605
Saved in:
10
Precautionary Savings in the Great Recession
Mody, Ashoka
-
2012
lower
consumption
and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a …
Persistent link: https://www.econbiz.de/10013110097
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