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Expectations-driven liquidity traps : implications for monetary and fiscal policy
Nakata, Taisuke; Schmidt, Sebastian - 2019 - This draft: June 2019
give rise to persistent liquidity trap episodes. There is no straightforward recipe for enhancing welfare in this economy … less concerned with government spending stabilization than society eliminates expectations-driven liquidity traps …
Persistent link: https://www.econbiz.de/10012181947
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Expectations formation and the effectiveness of strategies for limiting the consequences of the zero bound on interest rates
Reifschneider, David Leon (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10003314543
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Optimal simple rules for the conduct of monetary and fiscal policy
Chadha, Jagjit; Nolan, Charles - In: Journal of macroeconomics 29 (2007) 4, pp. 665-689
Persistent link: https://www.econbiz.de/10003586682
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Perpetual youth and endogenous labor supply : a problem and a possible solution
Ascari, Guido; Rankin, Neil - In: Journal of macroeconomics 29 (2007) 4, pp. 708-723
Persistent link: https://www.econbiz.de/10003586687
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Jointly optimal monetary and fiscal policy rules under liquidity constraints
Bi, Huixin; Kumhof, Michael - In: Journal of macroeconomics 33 (2011) 3, pp. 373-389
Persistent link: https://www.econbiz.de/10009248392
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Fiscal multipliers at the zero lower bound : the role of policy inertia
Hills, Timothy S.; Nakata, Taisuke - 2014
Persistent link: https://www.econbiz.de/10011286155
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Distortionary fiscal policy and monetary policy goals
Adam, Klaus; Billi, Roberto M. - 2013
We reconsider the role of an inflation conservative central banker in a setting with distortionary taxation. To do so, we assume monetary and fiscal policy are decided by independent authorities that do not abide to past commitments. If the two authorities make policy decisions simultaneously,...
Persistent link: https://www.econbiz.de/10010202952
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Monetary-fiscal policy interactions : interdependent policy rule coefficients
Gonzalez-Astudillo, Manuel - 2013
Persistent link: https://www.econbiz.de/10010431722
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Optimal fiscal and monetary policy under imperfect competition
Schmitt-Grohé, Stephanie; Uribe, Martín - In: Journal of macroeconomics 26 (2004) 2, pp. 183-209
Persistent link: https://www.econbiz.de/10002088293