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Fiscal limits and monetary policy : default vs. inflation

Sokolova, Anna - In: Economic modelling 48 (2015), pp. 189-198

Persistent link: https://www.econbiz.de/10011453641

Monetary Policy and the Financing of Firms

De Fiore, Fiorella - 2012

How should monetary policy respond to changes in financial conditions? In this paper we consider a simple model where firms are subject to idiosyncratic shocks which may force them to default on their debt. Firms' assets and liabilities are denominated in nominal terms and predetermined when...

Persistent link: https://www.econbiz.de/10013116576

Fiscal deficits, banking crises and policy reversal in a semi-open economy

Sharma, Anurag; Jha, Raghbendra - In: Economic modelling 29 (2012) 2, pp. 271-282

Persistent link: https://www.econbiz.de/10009536017

Dealing with a Liquidity Trap When Government Debt Matters : Optimal Time-Consistent Monetary and Fiscal Policy

Burgert, Matthias - 2014

a liquidity trap? To provide an answer, we employ a small stochastic New Keynesian model with a zero bound on nominal …-term nominal interest rate and debt-financed government spending. The optimal policy response to a liquidity trap critically … sector expectations that helps to dampen the fall in output and inflation at the outset of the liquidity trap …

Persistent link: https://www.econbiz.de/10013061806