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Optimal fiscal policy rules in a monetary union

Kirsanova, Tatiana; Satchi, Mathan; Vines, David; … - In: Journal of money, credit and banking : JMCB 39 (2007) 7, pp. 1759-1784

Persistent link: https://www.econbiz.de/10003549220

Monetary and fiscal policy interaction : the current consensus assignment in the light of recent developments

Kirsanova, Tatiana; Leith, Campbell B.; Wren-Lewis, Simon - In: The economic journal : the journal of the Royal … 119 (2009), pp. 482-496

Persistent link: https://www.econbiz.de/10003885970

Monetary union : fiscal stabilization in the face of asymmetric shocks

Kirsanova, Tatiana; Satchi, Mathan; Vines, David - 2004

Persistent link: https://www.econbiz.de/10013424435

Debt Stabilization Bias and the Taylor Principle : Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence

Vines, David - 2007

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence. Leith and Wren-Lewis (2007) have shown that optimal discretionary policy is subject to a ''debt stabilization bias'' which requires debt to be returned to its pre-shock level. This...

Persistent link: https://www.econbiz.de/10014399841

Commitment vs. Discretion in the UK : An Empirical Investigation of Monetary and Fiscal Policy Regime

Kirsanova, Tatiana - 2013

This paper investigates the conduct of monetary and fiscal policy in the post-ERM period in the UK. Using a simple DSGE New Keynesian model of non-cooperative monetary and fiscal policy interactions under fiscal intra-period leadership, we demonstrate that the past policy in the UK is better...

Persistent link: https://www.econbiz.de/10013092801