results in more persistent inflation as well as output responses to shocks, than without the supply-side channel.We also … discuss the different monetary and fiscal policy regimes and their implication on the stability of inflation and output. …

results in more persistent inflation as well as output responses to shocks, than without the supply-side channel. We also … discuss the different monetary and fiscal policy regimes and their implication on the stability of inflation and output. …

of the two.We compare the accounting definition of deficit with the economic definition which takes inflation into …

of the two. We compare the accounting definition of deficit with the economic definition which takes inflation into …

of the two. We compare the accounting definition of deficit with the economic definition which takes inflation into …

supply-side effects into account, we get more persistent inflation and output reactions. We also show that the dichotomy does …, under a discretionary monetary policy, the fiscal policy regime affects the size of the inflation bias. We also show that … commitment to an optimal monetary policy not only corrects the inflation bias but also increases the persistence of output …

We investigate both the rational explosive inflation paths studied by McCallum (2001) and the classification of fiscal …

We investigate both the rational explosive inflation paths studied by McCallum (2001) and the classification of fiscal …