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Monetary/fiscal policy regimes in post-war Europe

Bouabdallah, Othman; Jacquinot, Pascal; Patella, Valeria - 2023

inflation facts. Using a Dynamic Stochastic General Equilibrium model with Markov-switching policy rules, we identify three …

Persistent link: https://www.econbiz.de/10014482924

Debt Stabilization Bias and the Taylor Principle : Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence

Vines, David - 2007

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence … striking result is not true with high degrees of inflation persistence. Secondly, we show that optimal fiscal policy is more … active under discretion than commitment at all degrees of inflation persistence and all levels of debt …

Persistent link: https://www.econbiz.de/10014399841

Monetary finance : do not touch, or handle with care?

Agur, Itai; Capelle, Damien; Dell'Ariccia, Giovanni; … - 2022

that it may pose for inflation …

Persistent link: https://www.econbiz.de/10013336135

Exiting from quantitative easing in an era of large government debt : inflation or default?

Niwa, Hidekazu - In: Economics letters 234 (2024), pp. 1-3

Persistent link: https://www.econbiz.de/10015066374

Local determinacy in incomplete-markets models

Hagedorn, Marcus - 2023

Persistent link: https://www.econbiz.de/10014431642

Government debt, inflation dynamics and the transmission of fiscal policy shocks

Mayer, Eric; Rüth, Sebastian; Scharler, Johann - In: Economic modelling 33 (2013), pp. 762-771

Persistent link: https://www.econbiz.de/10010194394

The failed theory of the price level

Hagedorn, Marcus - 2024

The Fiscal Theory of the Price Level (FTPL) is a promise to obtain price level determinacy even if the nominal interest rate is constant. The idea is that a unique current price level ensures that the present value government budget constraint holds. I establish that this idea hinges on the...

Persistent link: https://www.econbiz.de/10014464269

Monetary policy and the natural rate of interest

Canzoneri, Matthew B.; Cumby, Robert; Diba, Behzad - In: Threat of fiscal dominance? : a BIS/OECD workshop on …, (pp. 119-137). 2012

Persistent link: https://www.econbiz.de/10009553770

Monetary policy and the natural rate of interest

Canzoneri, Matthew B.; Cumby, Robert; Diba, Behzad - In: Journal of money, credit and banking : JMCB 47 (2015) 2/3, pp. 383-413

Persistent link: https://www.econbiz.de/10010519151

Monetary policy drivers of bond and equity risks

Campbell, John Y.; Pflueger, Carolin; Viceira, Luis M. - 2014

Persistent link: https://www.econbiz.de/10010360082