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Optimal fiscal policy rules in a monetary union

Kirsanova, Tatiana; Satchi, Mathan; Vines, David; … - In: Journal of money, credit and banking : JMCB 39 (2007) 7, pp. 1759-1784

Persistent link: https://www.econbiz.de/10003549220

Monetary union : fiscal stabilization in the face of asymmetric shocks

Kirsanova, Tatiana; Satchi, Mathan; Vines, David - 2004

Persistent link: https://www.econbiz.de/10013424435

Monetary and fiscal policy interaction : the current consensus assignment in the light of recent developments

Kirsanova, Tatiana; Leith, Campbell B.; Wren-Lewis, Simon - In: The economic journal : the journal of the Royal … 119 (2009), pp. 482-496

Persistent link: https://www.econbiz.de/10003885970

Monetary and Fiscal Policy Interaction : The Current Consensus Assignment in the Light of Recent Developments

Kirsanova, Tatiana; Leith, Campbell; Wren-Lewis, Simon - 2010

The last few years papers have begun to analyse optimal monetary and fiscal policy in models incorporating nominal rigidities where social welfare is derived from the utility of agents. This paper examines whether this analysis provides support for the consensus assignment, where monetary policy...

Persistent link: https://www.econbiz.de/10014192733

Debt Stabilization Bias and the Taylor Principle : Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence

Vines, David - 2007

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence. Leith and Wren-Lewis (2007) have shown that optimal discretionary policy is subject to a ''debt stabilization bias'' which requires debt to be returned to its pre-shock level. This...