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Comments on "The forward fiscal guidance puzzle and a resolution" by M. Canzoneri, D. Cao, R. Cumby, B. Diba, and W. Luo
Sterk, Vincent - In: Journal of economic dynamics & control 89 (2018), pp. 47-49
Persistent link: https://www.econbiz.de/10011973952
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The forward fiscal guidance puzzle and a resolution
Canzoneri, Matthew B.; Cao, Dan Vu; Cumby, Robert; … - In: Journal of economic dynamics & control 89 (2018), pp. 26-46
Persistent link: https://www.econbiz.de/10011973954
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The Fiscal Forward Guidance Puzzle and a Resolution
Canzoneri, Matthew B. - 2017
The forward fiscal guidance puzzle pertains to New Keynesian models when monetary policy is temporarily caught in a liquidity trap: (1) expected future fiscal shocks have an unbelievably large effect on current inflation, and (2) the effect on current inflation is larger the further out is the...
Persistent link: https://www.econbiz.de/10012941201