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Are governments able to lean against the macroeconomic wind?

Kiefer, David M. - 2013

A standard model of activist macroeconomic policy derives a monetary reaction rule by assuming that governments have performance objectives, but are constrained by an augmented Phillips curve. In addition to monetary policy governments apply a variety of instruments to influence inflation and...

Persistent link: https://www.econbiz.de/10010210834

Some reflections on inflation targeting, monetary-fiscal policy interactions, and unconventional monetary policies

Gaffard, Jean-Luc; Napoletano, Mauro; Battiston, Stefano - In: European journal of economics and economic policies : … 15 (2018) 2, pp. 132-138

Persistent link: https://www.econbiz.de/10011939789

New-Keynesian economics : an AS-AD view

Benigno, Pierpaolo - In: Research in economics : an international review of economics 69 (2015) 4, pp. 503-524

Persistent link: https://www.econbiz.de/10011556680

The effect of monetary and fiscal credibility on public debt : empirical evidence from the Brazilian economy

Mendonça, Helder Ferreira de; Auel, Gabriela Elise - In: Applied economics letters 23 (2016) 10/12, pp. 816-821

Persistent link: https://www.econbiz.de/10011628580

Optimal monetary and fiscal policy with a zero bound on nominal interest rates

Schmidt, Sebastian - In: Journal of money, credit and banking : JMCB 45 (2013) 7, pp. 1335-1350

Persistent link: https://www.econbiz.de/10010197463

Debt stabilization and macroeconomic volatility in monetary unions under heterogeneous sovereign risk perceptions

Proaño Acosta, Christian; Lojak, Benjamin - 2015

This paper studies the dynamics of sovereign risk, fiscal policy and the macroeconomy in a two-country monetary union framework under the assumption of a heterogeneous perception of the determinants of sovereign risk by the government and the market participants. The macroeconomic volatility...