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Fiscal sustainability in a new Keynesian model : additional appendix (not for publication)
Leith, Campbell B.; Wren-Lewis, Simon - 2012
Persistent link: https://www.econbiz.de/10009722690
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Five-Equation Macroeconomics A Simple View of the Interactions Between Fiscal Policy and Monetary Policy
Kirsanova, Tatiana; Stehn, Sven Jari; Vines, David - Business School, University of Exeter - 2006
This paper studies the interactions of fiscal and monetary policy when they stabilise a single economy against shocks in a dynamic setting. We assume that fiscal and monetary policies both stabilise the economy only by causing changes to aggregate demand. Our findings are as follows. If the both...
Persistent link: https://www.econbiz.de/10008852476
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Central bank independence, government debt and the re-normalization of interest rates
Kirsanova, Tatiana; Leith, Campbell B.; Liu, Ding - 2024
Persistent link: https://www.econbiz.de/10015080052
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Equity versus efficiency : optimal monetary and fiscal policy in a HANK economy
Karaferis, Vasileios; Kirsanova, Tatiana; Leith, Campbell B. - 2024
Persistent link: https://www.econbiz.de/10015080058
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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
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Fiscal Sustainability in a New Keynesian Model
Leith, Campbell; Wren-Lewis, Simon - Agricultural and Applied Economics Association - AAEA - 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/10010879000
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Fiscal Sustainability in a New Keynesian Model
Leith, Campbell; Wren-Lewis, Simon - Agricultural and Applied Economics Association - AAEA - 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/10010879015
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Fiscal Sustainability in a New Keynesian Model
Leith, Campbell; Wren-Lewis, Simon - Scottish Institute for Research in Economics (SIRE) - 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/10011075679
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Fiscal Sustainability in a New Keynesian Model
Leith, Campbell; Wren-Lewis, Simon - Scottish Institute for Research in Economics (SIRE) - 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/10011075700
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Fiscal Sustainability in a New Keynesian Model
Wren-Lewis, Simon; Leith, Campbell - Department of Economics, Oxford University - 2007
Most recent work deriving optimal monetary policy utilising New Neo-Classical Synthesis (NNCS) models abstract from the impact of monetary policy on the government`s finances, by assuming that any change in the government`s budget can be financed through lump sum taxes. In this paper, we assume...
Persistent link: https://www.econbiz.de/10005047814