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U.S. monetary and fiscal policies - conflict or cooperation?
Chen, Xiaoshan; Leeper, Eric M.; Leith, Campbell B. - 2020
Persistent link: https://www.econbiz.de/10012601824
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Strategic interactions in U.S. monetary and fiscal policies
Chen, Xiaoshan; Leeper, Eric M.; Leith, Campbell B. - 2020
Persistent link: https://www.econbiz.de/10012264199
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Strategic Interactions in U.S. Monetary and Fiscal Policies
Chen, Xiaoshan; Leeper, Eric; Leith, Campbell - 2022
We estimate a model in which fiscal and monetary policy behavior arise from the optimizing behavior of distinct policy authorities, with potentially different welfare functions. Optimal time-consistent policy behavior fits U.S. time series at least as well as rules-based behavior. American...
Persistent link: https://www.econbiz.de/10013294876
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Strategic Interactions in U.S. Monetary and Fiscal Policies
Chen, Xiaoshan - 2020
We estimate a model in which fiscal and monetary policy behavior arise from the optimizing behavior of distinct policy authorities, with potentially different welfare functions. Optimal time-consistent policy behavior fits U.S. time series at least as well as rules-based behavior. American...
Persistent link: https://www.econbiz.de/10012481395