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The time consistency of monetary and fiscal policies

Alvarez Garrido, Fernando; Kehoe, Patrick J.; Neumeyer, … - 2003 - Rev

Persistent link: https://www.econbiz.de/10001749912

Financial crises as herds : overturning the critiques

Chari, Varadarajan V.; Kehoe, Patrick J. - 2003

Persistent link: https://www.econbiz.de/10001756621

Hot money

Chari, Varadarajan V.; Kehoe, Patrick J. - In: Journal of political economy 111 (2003) 6, pp. 1262-1292

Persistent link: https://www.econbiz.de/10001907174

On the desirability of fiscal constraints in a monetary union

Chari, V. V. (contributor); Kehoe, Patrick J. (contributor) - 2003

"The desirability of fiscal constraints in monetary unions depends critically on whether the monetary authority can commit to follow its policies. If it can commit, then debt constraints can only impose costs. If it cannot commit, then fiscal policy has a free-rider problem, and debt constraints...

Persistent link: https://www.econbiz.de/10001908605