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The myth of normal : the bumpy story of inflation and monetary policy
Faust, Jon; Leeper, Eric M. - In: Inflation dynamics and monetary policy : a symposium …, (pp. 263-340). 2016
Persistent link: https://www.econbiz.de/10011539005
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Commentary: The myth of normal : the bumpy story of inflation and monetary policy
Itō, Takatoshi - In: Inflation dynamics and monetary policy : a symposium …, (pp. 341-352). 2016
Persistent link: https://www.econbiz.de/10011660884
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Inflation's role in optimal monetary-fiscal policy
Leeper, Eric M.; Zhou, Xuan - 2013
Persistent link: https://www.econbiz.de/10010225030
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Inflation and the fiscal limit
Davig, Troy; Leeper, Eric M.; Walker, Todd B. - In: European economic review : EER 55 (2011) 1, pp. 31-47
Persistent link: https://www.econbiz.de/10009129840
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Fiscal limits and monetary policy
Leeper, Eric M. - 2013
Persistent link: https://www.econbiz.de/10009730644
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Inflation and the fiscal limit
Davig, Troy; Leeper, Eric M.; Walker, Todd B. - 2010
a burst of inflation that devalues the existing nominal debt stock. The probability of this outcome places upward … pressure on inflation expectations and poses a substantial challenge to a central bank pursuing an inflation target. The … distribution of outcomes for the path of future inflation has a fat right tail, revealing that only a small set of outcomes imply …
Persistent link: https://www.econbiz.de/10008702106
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Understanding Inflation as a Joint Monetary-Fiscal Phenomenon
Leeper, Eric M. - 2016
Persistent link: https://www.econbiz.de/10013001696
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Understanding Inflation as a Joint Monetary-Fiscal Phenomenon
Leeper, Eric M. - 2016
We develop the theory of price-level determination in a range of models using both ad hoc policy rules and jointly optimal monetary and fiscal policies and discuss empirical issues that arise when trying to identify monetary-fiscal regime. The article concludes with directions in which...
Persistent link: https://www.econbiz.de/10013001761
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Temporarily Unstable Government Debt and Inflation
Davig, Troy - 2011
policies will adjust. Temporarily explosive debt has no effect on inflation if households expect all adjustments to occur … targeting inflation to stabilizing debt, then debt feeds directly into the path of inflation and monetary policy can no longer … control inflation. News that reduces expected primary surpluses can bring future inflation into the present, well before the …
Persistent link: https://www.econbiz.de/10012461858
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Inflation and the Fiscal Limit
Davig, Troy - 2010
a burst of inflation that devalues the existing nominal debt stock. The probability of this outcome places upward … pressure on inflation expectations and poses a substantial challenge to a central bank pursuing an inflation target. The … distribution of outcomes for the path of future inflation has a fat right tail, revealing that only a small set of outcomes imply …
Persistent link: https://www.econbiz.de/10012462162