that this over-proportionality is stronger for the fiscal multiplier on inflation than on output. We relate this finding to … on output and, in particular, also on inflation in the euro area under alternative settings for monetary policy. We …

. The risk of future regime shifts has encompassing effects on equilibrium. Inflation is systematically higher than it would … stability. This inflation bias is increasing in the real value of government debt. Regime-switching probabilities are not … interest rate sufficiently moderately when inflation increases. Lower fiscal dominance risk, in turn, mitigates the inflation …

adamant about preventing a rise in inflation? The large fiscal imbalance brings about inflationary pressures, triggering a … spiral of higher inflation, output contraction, and further debt accumulation. A coordinated commitment to inflate away the …

tied to how much inflation it generates, which in turn hinges on monetary-fiscal adjustments that ultimately finance the … raises taxes to finance transfers while in the fiscal regime, inflation rises, effectively imposing inflation taxes on public … debt holders. We show analytically in a simple model how the fiscal regime generates larger and more persistent inflation …

growth-enhancing investment and thus the long-run trend, generating a positive trend multiplier. Multipliers of fiscal growth …

multiplier of fiscal expansion is found to be significantly dampened by tighter financial conditions in case households are less …

multiplier effects of shocks to net-revenues, taxes, social security contributions and benefits in a proxy SVAR framework …). We find multiplier effects of net-revenue components for Germany between 0 and 1 for both the top-down and bottom …