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Local determinacy in incomplete-markets models
Hagedorn, Marcus - 2023
Persistent link: https://www.econbiz.de/10014431642
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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
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Designing monetary and fiscal policy rules in a new Keynesian model with rule-of-thumb consumers
Rossi, Raffaele - In: Macroeconomic dynamics 18 (2014) 2, pp. 395-417
Persistent link: https://www.econbiz.de/10010356806
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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
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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
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Consumers' updating, policy shocks, and public debt : an empirical assessment of state dependencies
Geiger, Martin; Zachariadis, Marios - In: Macroeconomic dynamics 26 (2022) 8, pp. 2104-2140
Persistent link: https://www.econbiz.de/10013469789
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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
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Anticipated fiscal policy and adaptive learning
Evans, George W.; Honkapohja, Seppo; Mitra, Kaushik - In: Journal of monetary economics 56 (2009) 9, pp. 930-953
Persistent link: https://www.econbiz.de/10003924197
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The fiscal theory of the price level puzzle : a non-Ricardian view
Bénassy, Jean-Pascal - In: Macroeconomic dynamics 12 (2008), pp. 31-44
Persistent link: https://www.econbiz.de/10003868056
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Why do fiscal multipliers depend on fiscal positions?
Huidrom, Raju; Kose, M. Ayhan; Lim, Jamus Jerome; … - In: Journal of monetary economics 114 (2020), pp. 109-125
Persistent link: https://www.econbiz.de/10012494941