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Rational Partisan theory with fiscal policy and an independent central bank

Ferré Carracedo, Montserrat; Manzano Tovar, Carolina - In: Journal of macroeconomics 42 (2014), pp. 27-37

Persistent link: https://www.econbiz.de/10011286636

All politics is local : the effect of fiscal and monetary constitutions on economic policy

Boyes, William J. (contributor) - In: Journal of macroeconomics 18 (1996) 4, pp. 657-678

Persistent link: https://www.econbiz.de/10001209258

Tax efficiency, seigniorage and Central Bank Conservativeness

Ferré, Montserrat; Garcia, Judit; Manzano Tovar, Carolina - In: Journal of macroeconomics 56 (2018), pp. 218-230

Persistent link: https://www.econbiz.de/10012127675

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