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The effects of monetary policy shocks on inflation : the role of backed and unbacked public debt in a monetary and fiscal policy regime mix

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Inflation as a fiscal limit

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Low and stable inflation requires an appropriate fiscal framework aimed at stabilizing government debt. Historically, trend inflation is critically influenced by actual or perceived changes to this framework, while cost-push shocks only account for short-lasting movements in inflation. Before...

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The inflation impact of bonds versus money financing of fiscal deficits in India : some theoretical and empirical perspectives

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Economic Policy Frameworks Revisited : A Restatement of the Evergreen Instruments

Imbriani, Cesare (ed.); Scaramozzino, Pasquale (ed.) - 2023

This volume presents state-of-the-art contributions to the theory and practice of economic policy. In light of the 2007 … part addresses issues in the theory of monetary and fiscal policy in intertemporal settings with forward-looking agents, in …

Persistent link: https://www.econbiz.de/10014368661