We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal. We look at the extent to which different degrees of fiscal feedback enhance or detract from the ability of the monetary authorities to stabilize output...

The overall aim of the research presented in this thesis is threefold: To empiricallyexamine monetary transmission to UK retail mortgage rates; to examine whyfixed versus variable rate mortgage lending differs across EU-15 countries; and to build a DSGE model which can be used for analysing...

This paper presents a framework for empirical analysis of dynamic macroeconomic models using Bayesian filtering, with a specific focus on the state-space formulation of New Keynesian Dynamic Stochastic General Equilibrium (NK DSGE) models with multiple regimes. We outline the theoretical...