Chapter 30. Understanding Inflation as a Joint Monetary–Fiscal Phenomenon

We develop the theory of price-level determination in a range of models using both ad hoc policy rules and jointly optimal monetary and fiscal policies and discuss empirical issues that arise when trying to identify monetary–fiscal regime. The chapter concludes with directions in which theoretical and empirical developments may go.

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Year of publication:	2016
Authors:	Leeper, E.M. ; Leith, C.
Published in:	Handbook of macroeconomics : volume 2, v. 2A-2B SET. - Saint Louis : Elsevier Science, ISBN 978-0-444-59488-4. - 2016, p. 2305-2415
Subject:	Monetary policy \| Fiscal policy \| Price level determination \| Optimal policy \| Tax smoothing \| Government debt \| Geldpolitik \| Finanzpolitik \| Theorie \| Theory \| Preisniveau \| Price level \| Inflation \| Öffentliche Schulden \| Public debt \| Steuerpolitik \| Tax policy \| Regelbindung versus Diskretion \| Rules versus discretion \| Preisrigidität \| Price stickiness \| Optimale Besteuerung \| Optimal taxation

Type of publication:	Article
Language:	English
Other identifiers:	10.1016/bs.hesmac.2016.03.012 [DOI]
Classification:	E4 - Money and Interest Rates ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; H3 - Fiscal Policies and Behavior of Economic Agents ; H6 - National Budget, Deficit, and Debt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014024282