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Default risk premia on government bonds in a quantitative macroeconomic model
Jüßen, Falko; Linnemann, Ludger; Schabert, Andreas - 2009
This paper examines the pricing of public debt in a quantitative macroeconomic model with government default risk. Default may occur due to a fiscal policy that does not preclude a Ponzi game. When a build-up of public debt makes this outcome inevitable, households stop lending such that the...
Persistent link: https://www.econbiz.de/10011379436
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Default risk premia on government bonds in a quantitative macroeconomic model
Juessen, Falko; Linnemann, Ludger; Schabert, Andreas - 2009
Persistent link: https://www.econbiz.de/10003913174
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Exact utilities under alternative monetary rules in a simple macro model with optimizing agents
Henderson, Dale W.; Kim, Jinill - 1999
Persistent link: https://www.econbiz.de/10001370629
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Rules versus discretion with two policy instruments
Lippi, Francesco - 1995
Persistent link: https://www.econbiz.de/10000913119
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Rules versus discretion with two policy instruments
Lippi, Francesco - 1995 - 2. draft, January 1995
Persistent link: https://www.econbiz.de/10000916996
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Financial policies in open economies
Henderson, Dale W. - 1979
Persistent link: https://www.econbiz.de/10000780448
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A guide to FRB Global
Levin, Andrew T. - 1997
Persistent link: https://www.econbiz.de/10000637668
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Debt, deficits, and destabilizing monetary policy in open economies
Schabert, Andreas; Wijnbergen, Sweder van - 2006 - Revised Version: May 2006
associated with default risk, e.g. money supply. …
Persistent link: https://www.econbiz.de/10011349206
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Debt non-neutrality, policy interactions, and macroeconomic stability
Linnemann, Ludger; Schabert, Andreas - 2005
requires a stationary evolution of real public debt, which steers inflation expectations and rules out endogenous fluctuations …. Under anti-inflationary monetary policy regimes, macroeconomic fluctuations tend to decrease with the share of tax financing …
Persistent link: https://www.econbiz.de/10011346485
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Sovereign risk and macroeconomic fluctuations in an emerging market economy
Kirchner, Markus; Rieth, Malte - 2010
This paper assesses the role of sovereign risk in explaining macroeconomic fluctuations in Turkey. We estimate two … results suggest that the augmented model may lead to a better understanding of macroeconomic fluctuations in emerging market …
Persistent link: https://www.econbiz.de/10011382024