Showing 1 - 10 of 949,493
Persistent link: https://www.econbiz.de/10001348529
Persistent link: https://www.econbiz.de/10001348622
Persistent link: https://www.econbiz.de/10001349774
Persistent link: https://www.econbiz.de/10001350126
The authors explore the interaction between confidence and the credibility of the government's financial policies. It …
Persistent link: https://www.econbiz.de/10011826609
Persistent link: https://www.econbiz.de/10000937444
Persistent link: https://www.econbiz.de/10011628580
We study a model where monetary and fiscal policy share the task of stabilizing output and inflation, and the central bank has been assigned a mandate for the latter. The optimal fiscal policy does not imply assigning to the government a (symmetric) mandate to stabilize output. Instead, the...
Persistent link: https://www.econbiz.de/10014095013
This chapter surveys the recent literature on the theory of macroeconomic policy. We study the effect of various … incentive constraints on the policy making process, such as lack of credibility, political opportunism, political ideology, and …: it covers credibility issues, political business cycles, and optimal design of monetary institutions. Part II deals with …
Persistent link: https://www.econbiz.de/10014024218
Persistent link: https://www.econbiz.de/10001296826