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Fiscal dominance
Martin, Fernando M. - 2020
Who prevails when fiscal and monetary authorities disagree about the value of public expenditure and how much to discount the future? When the fiscal authority sets debt as its main policy instrument it achieves fiscal dominance, rendering the preferences of the central bank, and thus its...
Persistent link: https://www.econbiz.de/10012308453
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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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Financing COVID-19 deficits in fiscally dominant economies : is the monetarist arithmetic unpleasant?
Uribe, Martín - In: East Asian economic review 24 (2020) 4, pp. 417-440
Persistent link: https://www.econbiz.de/10012620063
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Deficit sustainability and fiscal theory of price level : the case of Italy, 1861-2020
Congregado, Emilio; Díaz Roldán, Carmen; Esteve … - In: Empirica : journal of european economics 50 (2023) 3, pp. 755-782
Persistent link: https://www.econbiz.de/10014323548
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The relevance of an optimal policy mix in the CEMAC zone
Kouam, Jean C.; Asongu, Simplice - 2022
The study analyses the nature of the nexus between budget deficit and economic growth given inflation trends. It … method of moments (GMM) for the empirical evidence. The following results are established: (i) the level of inflation above … reduction of inflation to below 1.8%. Otherwise, any measures put in place by the monetary authorities to stabilize prices would …
Persistent link: https://www.econbiz.de/10013468206
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The inflation impact of bonds versus money financing of fiscal deficits in India : some theoretical and empirical perspectives
Dhal, Sarat - In: Macroeconomics and finance in emerging market economies 8 (2015) 1/3, pp. 167-184
Persistent link: https://www.econbiz.de/10011402364
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Some Kaleckian remarks on modern monetary theory in light of a paper by Drumetz/Pfister
Sawyer, Malcolm C. - In: European journal of economics and economic policies : … 20 (2023) 1, pp. 67-77
This paper provides remarks on modern monetary theory (MMT) from a Kaleckian perspective in response to a paper by … crowding out are raised. Some aspects of inflation and hyper-inflation are then discussed. The conditions for the establishment …
Persistent link: https://www.econbiz.de/10014433717
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Economic policy in India : for economic stimulus, or for austerity and volatility?
Sen, Sunanda; DasGupta, Zico - 2014
The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at "price stability" in the neoliberal regime, fiscal policies were characterized by the objective of...
Persistent link: https://www.econbiz.de/10010385761
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Fiscal dominance in Sub-Saharan Africa revisited
Hooley, John; Nguyen, Lam; Saito, Mika; Towfighian, … - 2021
). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and … and inflation …
Persistent link: https://www.econbiz.de/10012517915
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Seven replies to the critiques of Modern Money Theory
Tymoigne, Éric - 2021
Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained …
Persistent link: https://www.econbiz.de/10012795769