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Dynamics of monetary-fiscal interaction under learning : conference paper

Hollmayr, Josef; Matthes, Christian - 2014 - Very preliminary and incomplete

The interaction between monetary and fiscal policy and the associated uncertainty about this interaction have been put on center stage by the recent financial crisis and the associated recession. In our model agents learn about both fiscal and monetary policy rules via the Kalman Filter. In...

Persistent link: https://www.econbiz.de/10010491162

Learning about fiscal policy and the effects of policy uncertainty

Hollmayr, Josef; Matthes, Christian - In: Journal of economic dynamics & control 59 (2015), pp. 142-162

Persistent link: https://www.econbiz.de/10011575062

Two-sided learning and short-run dynamics in a New Keynesian model of the economy

Matthes, Christian; Rondina, Francesca - In: Economics letters 159 (2017), pp. 53-56

Persistent link: https://www.econbiz.de/10011902888

Optimal disinflation under learning

Cogley, Timothy; Matthes, Christian; Sbordone, Argia M. - 2011

agents learn about the new policy via Bayesian updating, and we study how learning affects the nature of the transition and … from initial beliefs, however, is more constrained. -- inflation ; monetary policy ; learning ; policy reforms …

Persistent link: https://www.econbiz.de/10009380285

Learning about fiscal policy and the effects of policy uncertainty

Hollmayr, Josef; Matthes, Christian - 2013

Persistent link: https://www.econbiz.de/10010190917

Learning about fiscal policy and the effects of policy uncertainty

Hollmayr, Josef; Matthes, Christian - 2013

The recent crisis in the United States has often been associated with substantial amounts of policy uncertainty. In this paper we ask how uncertainty about fiscal policy affects the impact of fiscal policy changes on the economy when the government tries to counteract a deep recession. The...