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Optimal Fiscal and Monetary Rules in Normal and Abnormal Times
Cantore, Cristiano; Levine, Paul; Melina, Giovanni; … - School of Economics, University of Surrey - 2013
Persistent link: https://www.econbiz.de/10010671476
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Optimal fiscal and monetary policy, debt crisis, and management
Cantore, Cristiano; Levine, Paul; Melina, Giovanni; … - In: Macroeconomic dynamics 23 (2019) 3, pp. 1166-1204
Persistent link: https://www.econbiz.de/10012126887
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Optimal Fiscal and Monetary Policy, Debt Crisis and Management
Cantore, Cristiano - 2017
The initial government debt-to-GDP ratio and the government's commitment play a pivotal role in determining the welfare-optimal speed of fiscal consolidation in the management of a debt crisis. Under commitment, for low or moderate initial government debt-to-GPD ratios, the optimal consolidation...
Persistent link: https://www.econbiz.de/10012956478
Cover Image
Optimal fiscal and monetary policy, debt crisis and management
Cantore, Cristiano; Levine, Paul; Melina, Giovanni; … - 2017
The initial government debt-to-GDP ratio and the government's commitment play a pivotal role in determining the welfare-optimal speed of fiscal consolidation in the management of a debt crisis. Under commitment, for low or moderate initial government debt-to-GPD ratios, the optimal consolidation...
Persistent link: https://www.econbiz.de/10011670476