Showing 1 - 10 of 914
Persistent link: https://www.econbiz.de/10011930061
Persistent link: https://www.econbiz.de/10011930072
Persistent link: https://www.econbiz.de/10011771519
commiting to keep interest rates low at the exit of the liquidity trap, to stabilize inflation today. 2. From debt … consolidated budget) monetary policy becomes subservient to fiscal policy, giving rise to more volatile inflation, output and … interest rates. Liquidity trap (LT) episodes are longer, however, the impact of interest rate policy commitments on inflation …
Persistent link: https://www.econbiz.de/10012304687
We revisit the question whether U.S. fiscal policy in the pre-Volcker period was active or passive. To determine the policy stance, we estimate a DSGE model with monetary and fiscal policy interactions employing a sequential Monte Carlo algorithm (SMC) for posterior evaluation. In contrast to...
Persistent link: https://www.econbiz.de/10012309706
Persistent link: https://www.econbiz.de/10010486606
Persistent link: https://www.econbiz.de/10011774629
Persistent link: https://www.econbiz.de/10012016417
Persistent link: https://www.econbiz.de/10012432730
Persistent link: https://www.econbiz.de/10014478114