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Fiscal Sustainability in a New Keynesian Model - Additional Appendix

Leith, Campbell; Wren-Lewis, Simon - Department of Economics, Adam Smith Business School - 2012

Recent work on optimal monetary and fiscal policy in New Keynesian models suggests that it is optimal to allow steady-state debt to follow a random walk. Leith and Wren-Lewis (2012) consider the nature of the timeinconsistency involved in such a policy and its implication for discretionary...

Persistent link: https://www.econbiz.de/10010896995

Fiscal Sustainability in a New Keynesian Model

Leith, Campbell; Wren-Lewis, Simon - Agricultural and Applied Economics Association - AAEA - 2012

Persistent link: https://www.econbiz.de/10010879000

Fiscal Sustainability in a New Keynesian Model

Leith, Campbell; Wren-Lewis, Simon - Agricultural and Applied Economics Association - AAEA - 2012

Persistent link: https://www.econbiz.de/10010879015

Fiscal Sustainability in a New Keynesian Model

Leith, Campbell; Wren-Lewis, Simon - Scottish Institute for Research in Economics (SIRE) - 2012

Persistent link: https://www.econbiz.de/10011075679

Fiscal Sustainability in a New Keynesian Model

Leith, Campbell; Wren-Lewis, Simon - Scottish Institute for Research in Economics (SIRE) - 2012

Persistent link: https://www.econbiz.de/10011075700

Fiscal policy, interest rate shocks and prices

Leith, Campbell; Warren, Paul; Wren-Lewis, Simon - In: Economic modelling 20 (2003) 2, pp. 361-382

Persistent link: https://www.econbiz.de/10006258285

COMPACT: a rational expectations, intertemporal model of the United Kingdom economy

Darby, Julia; Ireland, Jonathan; Leith, Campbell; … - In: Economic modelling 16 (1999) 1, pp. 1-52

Persistent link: https://www.econbiz.de/10006301411

Fiscal policy, interest rate shocks and prices

Leith, Campbell; Warren, Paul; Wren-Lewis, Simon - In: Economic Modelling 20 (2003) 2, pp. 361-382

Persistent link: https://www.econbiz.de/10005107502

Interactions between Monetary and Fiscal Policy Rules.

Leith, Campbell; Wren-Lewis, Simon - In: Economic Journal 110 (2000) 462, pp. 93-108

The Fiscal Stability Pact for EMU implies that constraints on fiscal policy facilitate inflation control. In this paper we identify two stable policy regimes. When monetary policy seeks to raise real interest rates in response to excess inflation, a self-stabilising fiscal policy is required to...

Persistent link: https://www.econbiz.de/10005072441

Fiscal Sustainability in a New Keynesian Model

Leith, Campbell; Wren-lewis, Simon - Department of Economics, Mathematics and Statistics, … - 2006

There has been a wealth of recent work deriving optimal monetary policy utilising New Neo-Classical Synthesis (NNCS) models based on nominal inertia. Such models typically abstract from the impact of monetary policy on the government’s finances, by assuming that consumers are infinitely-lived...

Persistent link: https://www.econbiz.de/10005642338