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Bayer, Christian; Born, Benjamin; Luetticke, Ralph - 2021 - This version: April 2021

We provide evidence that expansionary fiscal policy lowers return differences between public debt and less liquid assets-the liquidity premium. We rationalize this finding in an estimated heterogeneous-agent New-Keynesian model with incomplete markets and portfolio choice, in which public debt...

Persistent link: https://www.econbiz.de/10012543659

Model for integrating monetary and fiscal policies to stimulate economic growth and sustainable debt dynamics

Slepov, V. A.; Burlachkov, V. K.; Danko, T. P.; Kosov, … - In: European research studies 20 (2017) 4A, pp. 457-470

Persistent link: https://www.econbiz.de/10012219454

Dynamic inefficiency and fiscal interventions in an economy with land and transaction costs

Hellwig, Martin - 2020

The paper contributes to the discussion on whether real interest rates smaller than real growth rates can be taken as evidence of dynamic in- efficiency that calls for scal interventions. A seemingly killing objection points to the presence of land, a non-produced durable asset whose value...

Persistent link: https://www.econbiz.de/10012175416

Fiscal rules and the effectiveness of monetary policy : estimates for a large emerging economy

Anjos, Daniel Pereira dos; Moreira, Ricardo Ramalhete - In: Revista brasileira de economia : RBE ; publicação de … 77 (2023), pp. 444-466

Persistent link: https://www.econbiz.de/10014279758

Energy shocks as Keynesian supply shocks : implications for fiscal policy

Kharroubi, Enisse; Smets, Frank - 2023

Persistent link: https://www.econbiz.de/10014364251

Income distribution and economic cycles in an open-economy supermultiplier model

Dvoskin, Ariel; Landau, Matias Torchinsky - In: Structural change and economic dynamics : SC+ED 64 (2023), pp. 273-291

Persistent link: https://www.econbiz.de/10014463945

Public debt in the "new normal" : a Schumpeterian perspective on fiscal policy

Bofinger, Peter - 2022

's growth theory shows that credit-financed investment, which leads to an innovative use of existing resources, plays a decisive … neoclassical theory, which assigns the state merely the role of a capital destroyer. But it also offers a broader perspective than … that of monetary Keynesian theory, including MMT, in which government debt is seen to serve only to produce full employment …

Persistent link: https://www.econbiz.de/10013466735

Optimal public debt threshold for Nepal

Prasai, Laxmi Prasad - 2024

Persistent link: https://www.econbiz.de/10015061820

Fiscal policy, sovereign debt and economic growth in SADC economies : a panel vector autoregression analysis

Makhoba, Bongumusa Prince; Kaseeram, Irrshad - In: Cogent economics & finance 10 (2022) 1, pp. 1-12

This study estimates a Panel Vector Autoregressive (PVAR) approach to analyse the impact of fiscal policy and public debt on economic growth in Southern African Developing Communities (SADC). The study further estimated the fixed effects (FE) and random effects (RE) to verify the robustness of...

Persistent link: https://www.econbiz.de/10013402174

Fiscal disipline and stability under currency board systems

Grimm, Oliver - 2007

In economic discussions, currency board systems are frequently described as arrangements with self-binding character to the monetary authorities by their strict rules and establishments by law. Hard pegs and especially currency boards are often seen as remedies to overcome economic and financial...

Persistent link: https://www.econbiz.de/10003459430