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Government Policy in Monetary Economies
Martin, Fernando M. - Department of Economics, Simon Fraser University - 2010
the idiosyncratic behavior of money demand. The variants with no trading frictions display the best fit to U.S. post …
Persistent link: https://www.econbiz.de/10008527479
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How to starve the beast: fiscal and monetary policy rules
Martin, Fernando M. - 2019
, effective revenue ceilings induce an increase in deficit, debt and inflation. Under many scenarios, including recurrent adverse …
Persistent link: https://www.econbiz.de/10012137093
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Distortionary fiscal policy and monetary policy goals
Adam, Klaus; Billi, Roberto M. - 2013
We reconsider the role of an inflation conservative central banker in a setting with distortionary taxation. To do so … two authorities make policy decisions simultaneously, inflation conservatism causes fiscal overspending. But if fiscal … policy is determined before monetary policy, inflation conservatism imposes fiscal discipline. These results clarify that in …
Persistent link: https://www.econbiz.de/10010427089
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Distortionary fiscal policy and monetary policy goals
Adam, Klaus; Billi, Roberto M. - 2013
We reconsider the role of an inflation conservative central banker in a setting with distortionary taxation. To do so … two authorities make policy decisions simultaneously, inflation conservatism causes fiscal overspending. But if fiscal … policy is determined before monetary policy, inflation conservatism imposes fiscal discipline. These results clarify that in …
Persistent link: https://www.econbiz.de/10010202952
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Distortionary fiscal policy and monetary policy goals
Adam, Klaus; Billi, Roberto M. - In: Economics Letters 122 (2014) 1, pp. 1-6
We reconsider the role of an inflation conservative central banker in a setting with distortionary taxation. To do so … two authorities make policy decisions simultaneously, inflation conservatism causes fiscal overspending. But if fiscal … policy is determined before monetary policy, inflation conservatism imposes fiscal discipline. These results clarify that in …
Persistent link: https://www.econbiz.de/10010729434
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Distortionary Fiscal Policy and Monetary Policy Goals
Adam, Klaus; Billi, Roberto M. - Sveriges Riksbank - 2013
We reconsider the role of an inflation conservative central banker in a setting with distortionary taxation. To do so … two authorities make policy decisions simultaneously, inflation conservatism causes fiscal overspending. But if fiscal … policy is determined before monetary policy, inflation conservatism imposes fiscal discipline. These results clarify that in …
Persistent link: https://www.econbiz.de/10010700726
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Monetary and Fiscal Interactions without Commitment and the Value of Monetary Conservatism
Billi, Roberto; Adam, Klaus - Society for Computational Economics - SCE - 2005
spending bias, while lack of monetary commitment generates the well-known inflation bias. An appropriately conservative …
Persistent link: https://www.econbiz.de/10005537486
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Credible forward guidance
Nakata, Taisuke; Sunakawa, Takeki - 2019 - This draft: April 2019
We analyze credible forward guidance policies in a sticky-price model with an effective lower bound (ELB) constraint on nominal interest rates by solving a series of optimal sustainable policy problems indexed by the duration of reputational loss. Lower-for-longer policies --- while effective in...
Persistent link: https://www.econbiz.de/10012181173
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The Future of Sovereign Borrowing in Europe
Balling, Morten; Gnan, Ernest; Holler, Johannes; … - 2013
the premises of the OeNB in Vienna for a conference jointly organized by the European Money and Finance Forum SUERF, the …
Persistent link: https://www.econbiz.de/10011689961
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The future of sovereign borrowing in Europe
Balling, Morten (ed., introduction);  … - Conference on The Future of Sovereign Borrowing in …; … - 2014
the premises of the OeNB in Vienna for a conference jointly organized by the European Money and Finance Forum SUERF, the …
Persistent link: https://www.econbiz.de/10011711793