Showing 1 - 10 of 103
Persistent link: https://www.econbiz.de/10001126604
Persistent link: https://www.econbiz.de/10001194510
In this paper we study the effects of fiscal policies on current consumption, distinguishing between Keynesian effects (KE), due to changes in current disposable income, and non-Keynesian effects (NE), due to expected changes in future disposable income. The literature has argued that permanent...
Persistent link: https://www.econbiz.de/10005113559
Persistent link: https://www.econbiz.de/10002539393
Persistent link: https://www.econbiz.de/10013439279
Persistent link: https://www.econbiz.de/10001431595
Persistent link: https://www.econbiz.de/10001934488
Persistent link: https://www.econbiz.de/10001849860
Persistent link: https://www.econbiz.de/10010416314
Since Leeper's (1991, Journal of Monetary Economics 27, 129-147) seminal paper, an extensive literature has argued that if fiscal policy is passive, that is, guarantees public debt stabilization irrespectively of the inflation path, monetary policy can independently be committed to inflation...
Persistent link: https://www.econbiz.de/10015216937