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~institution:"Federal Reserve Bank of San Francisco"
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The economy at a crossroads
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RePEc
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1
Stabilization policy: a reconsideration
Yellen, Janet L.
-
Federal Reserve Bank of San Francisco
-
2004
This paper forms the basis for Janet Yellen's Presidential address to the Western Economic Association International, delivered July 1, 2004, in Vancouver, British Columbia.
Persistent link: https://www.econbiz.de/10010724825
Saved in:
2
The
economy
, fiscal policy, and monetary policy
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2012
Presentation to the Financial Women’s Association of San Francisco, San Francisco, CA, October 15, 2012
Persistent link: https://www.econbiz.de/10010724858
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3
On policy interactions among nations : when do cooperation and commitment matter ?
Kempf, Hubert
;
Thadden, Leopold Von
-
HAL
-
2008
This paper offers a framework to study commitment and cooperation issues in games with multiple policymakers. To reconcile some puzzles in the recent literature on the nature of policy interactions among nations, we prove that games characterized by different commitment and cooperation schemes...
Persistent link: https://www.econbiz.de/10010738606
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4
Monetary and budgetary-fiscal policy interactions in a Keynesian heterogeneous monetary union
Asensio, Angel
-
HAL
-
2006
The paper studies the effects of heterogeneity upon the monetary and fiscal-budgetary policy interactions in a Keynesian monetary union. As a result of interactions, some of our results contrast sharply with the ones in studies that consider separately monetary, fiscal and budgetary policies....
Persistent link: https://www.econbiz.de/10008792215
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5
Measuring the effect of the zero lower bound on medium- and longer-term interest rates
Swanson, Eric T.
;
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2012
The zero lower bound on nominal interest rates has constrained the Federal Reserve’s setting of the overnight federal funds rate for over three years running. According to many macroeconomic models, such an extended period of being stuck at the zero bound has important implications for the...
Persistent link: https://www.econbiz.de/10010551214
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6
The fiscal theory of the price level puzzle: A non Ricardian view
Bénassy, Jean-Pascal
-
HAL
-
2005
The fiscal theory of the price level says that the price level can be made determinate if the government uses fiscal policies such that government liabilities explode unless the price in the first period is at the "right" level. The policy implications are disturbing, as they call for rather...
Persistent link: https://www.econbiz.de/10010929080
Saved in:
7
Effects of alternative monetary stabilization policies: an unexpected finding
Prescott, Edward C.
-
Federal Reserve Bank of San Francisco
-
1993
Persistent link: https://www.econbiz.de/10005078272
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8
The role of monetary policy in bolstering economic growth
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2012
Presentation to the University of San Francisco Center for the Pacific Rim, San Francisco, California, November 14, 2012
Persistent link: https://www.econbiz.de/10010724856
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9
Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions
Azizi, Karim
;
Canry, Nicolas
;
Chatelain, Jean-Bernard
; …
-
HAL
-
2013
This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rates has to be lower than the real interest rate, a necessary assumption for Ricardian equivalence) and of the transversality condition for the GDP growth rate (i.e. the GDP growth...
Persistent link: https://www.econbiz.de/10011025565
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10
The Failure of Financial Macroeconomics and What to Do About it
Chatelain, Jean-Bernard
;
Ralf, Kirsten
-
HAL
-
2012
The bargaining power of international banks is currently still very high as compared to what it was at the time of the Bretton Woods conference. As a consequence, systemic financial crises are likely to remain recurrent phenomena with large effects on macroeconomic aggregates. Mainstream...
Persistent link: https://www.econbiz.de/10011025682
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