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Subject
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Rules versus discretion 4,297 Regelbindung versus Diskretion 4,291 Geldpolitik 2,572 Monetary policy 2,572 Theorie 2,241 Theory 2,241 Finanzpolitik 1,393 Fiscal policy 1,393 EU countries 645 EU-Staaten 645 Taylor-Regel 538 Taylor rule 537 Inflation targeting 479 Inflationssteuerung 478 Fiscal consolidation 466 Haushaltskonsolidierung 465 USA 449 United States 446 Interest rate policy 411 Zinspolitik 411 Öffentliche Schulden 389 Public debt 388 Eurozone 343 Euro area 342 Neoclassical synthesis 327 Neoklassische Synthese 327 Impact assessment 289 Wirkungsanalyse 289 Estimation 261 Schätzung 261 Geldpolitisches Ziel 201 Monetary target 201 Inflation 197 Zins 192 Interest rate 188 Rationale Erwartung 182 Rational expectations 179 Inflationsbekämpfung 176 Anti-inflation policy 173 Welt 172
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Online availability
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Free 1,816 Undetermined 523
Type of publication
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Book / Working Paper 2,441 Article 1,873
Type of publication (narrower categories)
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Article in journal 1,561 Aufsatz in Zeitschrift 1,561 Graue Literatur 1,389 Non-commercial literature 1,389 Working Paper 1,368 Arbeitspapier 1,365 Aufsatz im Buch 295 Book section 295 Hochschulschrift 86 Thesis 75 Conference paper 47 Konferenzbeitrag 47 Collection of articles of several authors 31 Sammelwerk 31 Collection of articles written by one author 29 Sammlung 29 Amtsdruckschrift 24 Government document 24 Konferenzschrift 21 Conference proceedings 13 Bibliografie enthalten 12 Bibliography included 12 Systematic review 8 Übersichtsarbeit 8 Advisory report 4 Aufsatzsammlung 4 Case study 4 Fallstudie 4 Gutachten 4 Amtliche Publikation 3 Mehrbändiges Werk 3 Multi-volume publication 3 Bibliografie 2 Forschungsbericht 2 Abstract 1 Article 1 Festschrift 1 Interview 1 Nachschlagewerk 1 Reference book 1
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Language
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English 4,095 German 133 French 30 Spanish 23 Undetermined 15 Italian 7 Polish 6 Portuguese 4 Russian 2 Croatian 1 Macedonian 1 Norwegian 1 Slovak 1 Serbian 1 Turkish 1
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Author
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McCallum, Bennett T. 70 Taylor, John B. 66 Orphanides, Athanasios 55 Svensson, Lars E. O. 53 Woodford, Michael 48 Williams, John C. 44 Nelson, Edward 39 Yared, Pierre 37 Schmitt-Grohé, Stephanie 35 Uribe, Martín 35 Halac, Marina 32 Dennis, Richard J. 30 Galí, Jordi 30 Wieland, Volker 29 Feld, Lars P. 28 Kirsanova, Tatiana 28 Laxton, Douglas 26 Guender, Alfred V. 25 King, Robert G. 25 Schmidt, Sebastian 22 Leith, Campbell B. 21 Wolman, Alexander L. 21 Evans, George W. 20 Bullard, James Brian 19 Gertler, Mark 19 Honkapohja, Seppo 19 Leeper, Eric M. 19 Levine, Paul 19 Schabert, Andreas 19 Batini, Nicoletta 18 Christiano, Lawrence J. 18 Debrun, Xavier 18 Surico, Paolo 18 Clarida, Richard H. 17 Benhabib, Jess 16 Dotsey, Michael 16 Pearlman, Joseph 16 Bianchi, Francesco 15 Bordo, Michael D. 15 Heinemann, Friedrich 15
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Institution
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National Bureau of Economic Research 110 Federal Reserve Bank of San Francisco 19 Federal Reserve Bank of Cleveland 8 Federal Reserve Bank of Richmond 7 Johns Hopkins University / Department of Economics 6 Conference on Monetary Policy Rules <1998, Stockholm> 5 Europäische Kommission / Generaldirektion Wirtschaft und Finanzen 5 Federal Reserve Bank of St. Louis 5 Sveriges Riksbank 5 Banca d'Italia 4 Innocenzo Gasparini Institute for Economic Research <Mailand> 4 Federal Reserve System / Division of Research and Statistics 3 Institutet för Internationell Ekonomi <Stockholm> 3 Internationaler Währungsfonds / Research Department 3 Banco Central do Brasil 2 C.E.P.R. Discussion Papers 2 Centre for Economic Policy Research 2 Centre for Growth and Business Cycle Research <Manchester> 2 Centre for International Macroeconomics 2 Ekonomiska forskningsinstitutet <Stockholm> 2 Europäisches Parlament / Generaldirektion Interne Politikbereiche der Union / Economic Governance Support Unit 2 Federal Reserve Bank of Kansas City / Research Division 2 Federal Reserve Bank of Minneapolis / Research Department 2 Institut für Weltwirtschaft 2 Internationaler Währungsfonds 2 Konjunkturforschungsstelle <Zürich> 2 Rutgers University / Department of Economics 2 Sachverständigenrat zur Begutachtung der Gesamtwirtschaftlichen Entwicklung 2 Schweiz / Ökonomenteam 2 University of Cambridge / Department of Applied Economics 2 University of Canterbury / Department of Economics 2 University of Strathclyde / Department of Economics 2 Università di Bologna / Dipartimento di Scienze Economiche 2 Université de Montréal / Département de sciences économiques 2 Australian National University / Faculty of Economics 1 Australian National University / Research School of Pacific and Asian Studies / Economics Division 1 Banco Central de Chile 1 Bank of Canada 1 Boston College / Department of Economics 1 Brookings Institution 1
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Published in...
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Working paper / National Bureau of Economic Research, Inc. 117 NBER working paper series 108 NBER Working Paper 104 Discussion paper / Centre for Economic Policy Research 83 Journal of economic dynamics & control 73 Journal of monetary economics 58 Journal of macroeconomics 54 Journal of money, credit and banking : JMCB 53 Economic modelling 45 Finance and economics discussion series 40 CESifo working papers 39 Economics letters 39 IMF working paper 39 Macroeconomic dynamics 36 Working paper series / European Central Bank 36 Working paper 33 Working papers series / Federal Reserve Bank of San Francisco 29 ECB Working Paper 26 IMF working papers 26 European journal of political economy 22 Bank of Finland research discussion papers 21 IMF Working Paper 21 The American economic review 21 Review / Federal Reserve Bank of St. Louis 20 Discussion papers / CEPR 19 International finance discussion papers 19 Journal of international money and finance 19 The B.E. journal of macroeconomics 19 Sveriges Riksbank working paper series 18 Journal of post-Keynesian economics : JPKE 17 The Cato journal : an interdisciplinary journal of public policy analysis 17 Working papers / Bank of England 16 Applied economics 15 Applied economics letters 15 CESifo Working Paper Series 15 European economic review : EER 15 Journal of policy modeling : JPMOD ; a social science forum of world issues 15 Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 15 Staff reports / Federal Reserve Bank of New York 14 Working paper series / Federal Reserve Bank of Richmond 14
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Source
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ECONIS (ZBW) 4,293 RePEc 17 EconStor 4
Showing 1 - 50 of 4,314
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The overall funding outlook
Boileau, Bee; Phillips, David - 2023
The Scottish Government's overall budget depends both on funding from the UK government, which is determined largely via the Barnett formula, and on its own devolved revenues, borrowing and reserves, which are governed by the Fiscal Framework. This chapter of the report looks at the funding...
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Passive monetary policy and active fiscal policy in a monetary union
Maćkowiak, Bartosz; Schmidt, Sebastian - 2023
How is the price level determined in a monetary union when the common monetary policy pegs the nominal interest rate? How are the price levels in the member countries determined? We extend the fiscal theory of the price level to the case of a heterogenous monetary union. Price level determinacy...
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Keep it complex! : Prodi's curse and the EU fiscal governance regime complex
Tesche, Tobias - In: New political economy 28 (2023) 1, pp. 29-41
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Robust frequency-based monetary policy rules
Verona, Fabio - 2023
Optimal monetary policy studies typically rely on a single structural model and identification of model-specific rules that minimize the unconditional volatilities of inflation and real activity. In our proposed approach, we take a large set of structural models and look for the model-robust...
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Between high ambition and pragmatism : proposals for a reform of fiscal rules without treaty change : expert study commissioned by the European Economic and Social Committee (EESC)
Dullien, Sebastian; Paetz, Christoph; Repasi, René; … - 2022
This study examines major reform proposals of EU fiscal rules from an economic and legal perspective. We disassemble the reform proposals in their components and analyse them in their specific proposed form in comparison, thereby shedding light on what is legally possible, economically sensible,...
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Post-COVID fiscal rules : a central bank perspective
Hauptmeier, Sebastian; Leiner-Killinger, Nadine; … - 2022
Regarding a prospective reform of the European Stability and Growth Pact (SGP) it seems rather consensual that a simplified framework should take account of the prevailing macroeconomic context and enhance the balancing of sustainability and stabilisation considerations. This paper provides...
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This time is different : fiscal response to the COVID-19 pandemic among EU countries
Bökemeier, Bettina; Wolski, Marcin - 2022
This paper empirically analyses fiscal policy behavior in the European Union (EU) Member States and assesses how it has changed during the recent pandemic crisis compared to previous crisis situations. Based on panel estimations the outcomes reveal that this time is different, both concerning...
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COVID-19 and (gender) inequality in income : the impact of discretionary policy measures in Austria
Christl, Michael; De Poli, Silvia; Kucsera, Dénes; … - In: Swiss journal of economics and statistics 158 (2022) 1, pp. 1-17
This paper analyzes the impact of the COVID-19 crisis on household income in Austria, using detailed administrative labor market data, in combination with micro-simulation techniques that enable specific labor market transitions to be modeled. We find that discretionary fiscal policy measures in...
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Trust what you hear : policy communication, expectations, and fiscal credibility
End, Nicolas; Hong, Gee Hee - 2022
How do policy communications on future f iscal targets af fect market expectations and beliefs about the future conduct of f iscal policy? In this paper, we develop indicators of f iscal credibility that quantify the degree to which policy announcements anchor expectations, based on the...
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Fiscal rules and fiscal councils : recent trends and performance during the COVID-19 pandemic
Davoodi, Hamid; Elger, Paul; Fotiou, Alexandra; … - 2022
Adoption of fiscal rules and fiscal councils continued to increase globally over the last decades based on two new global datasets. During the pandemic, fiscal frameworks were put to test. The widespread use of escape clauses was one of the novelties in this crisis, which helped provide policy...
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It takes two: fiscal and monetary policy in Mexico
Aguilar, Ana; Cantú, Carlos; Ramírez, Claudia - 2022
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Robust real rate rules
Holden, Tom D. - 2022
Central banks wish to avoid self-fulfilling fluctuations. Monetary rules with a unit response to real rates achieve this under the weakest possible assumptions about the behaviour of households and firms. They are robust to household heterogeneity, hand-to-mouth consumers, non-rational...
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Perceptions about monetary policy
Bauer, Michael D.; Pflueger, Carolin E.; Sunderam, Adi - 2022
We estimate perceptions about the Fed's monetary policy rule from panel data on professional forecasts of interest rates and macroeconomic conditions. The perceived dependence of the federal funds rate on economic conditions is time-varying and cyclical: high during tightening episodes but low...
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Web monetisation
Goanța, Cătălina; Yohanis, Alfa; Jaiman, Vikas; … - In: Internet policy review : journal on internet regulation 11 (2022) 1, pp. 1-8
Web monetisation is the conversion of user traffic into revenue. Initially referring to websites, in more recent years, the meaning of the term has been expanded to refer to non-website traffic, such as social media applications, which this glossary entry gives more attention to. Within social...
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Fiscal rules and the reliability of public investment plans : evidence from local governments
Mancini, Anna Laura; Tommasino, Pietro - 2022
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Procyclical and countercyclical fiscal policies in non-euro EU member countries
Iancu, Aurel; Olteanu, Dan - 2022
The aim of this study is to determine the nature of the discretionary fiscal policy practiced by non-euro EU member states, namely to deduce some bias for one of the two types of fiscal policies - procyclical or countercyclical. For this purpose, we used time series for the period 1995-2020, of...
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New principles for stabilization policy
Loisel, Olivier - 2022
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Perceptions about monetary policy
Bauer, Michael D.; Pflueger, Carolin E.; Sunderam, Adi - 2022
We estimate perceptions about the Fed's monetary policy rule from panel data on professional forecasts of interest rates and macroeconomic conditions. The perceived dependence of the federal funds rate on economic conditions is time-varying and cyclical: high during tightening episodes but low...
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The relative effectiveness of EU national and supranational fiscal rules
Boschi, Melisso; Girardi, Alessandro; Ventura, Marco - 2022
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Outlook for the public finances
Emmerson, Carl; Stockton, Isabel - 2022
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Determinants of compliance with fiscal rules : misplaced efforts or hidden motivations?
Ulloa-Suárez, Carolina - 2022
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Procyclical and countercyclical fiscal policies in Non-Euro Eu member countries
Iancu, Aurel; Olteanu, Dan - In: Romanian journal of economic forecasting 25 (2022) 3, pp. 188-205
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Optimal fiscal policy and the fiscal theory of the price level
Santos Antreassian, Guillermo - 2022
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Fiscal stimulus under average inflation targeting
Liu, Zheng; Miao, Jianjun; Su, Dongling - 2022
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Fiscal rules : anchors of stability
Potrafke, Niklas; Schaltegger, Christoph A. - In: The Economists' voice 19 (2022) 1, pp. 59-62
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The future of European fiscal governance : a comprehensive approach
Romanelli, Marzia; Tommasino, Pietro; Vadalà, Emilio - 2022
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Macroprudential debt-to-income ratio and monetary policy rules
Filiani, Pasquale - In: Central European journal of economic modelling and … 14 (2022) 2, pp. 161-198
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Italy and fiscal rules : past performance and future prospects
Assalve, Davide; Collura, Cristina; Giachin Ricca, Elena; … - 2022
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Impact of fiscal rules on government expenditure and tax revenue in emerging European countries : threshold effect of budget deficit
Köktaş, Altuğ Murat; Günel, Tuğay - In: Ekonomický časopis : časopis pre ekonomickú … 70 (2022) 3, pp. 264-283
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Alternative monetary-policy instruments and limited credibility : an exploration
Garcia-Cicco, Javier - 2022
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What to expect from inflation expectations : theory, empirics and policy issues
Bonatti, Luigi; Fracasso, Andrea; Tamborini, Roberto - 2022
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European stabilization policy after the Covid-19 pandemic : more flexible integration or more federalism?
Andersson, Fredrik N. G.; Jonung, Lars - 2022
Crises are a major driving force behind cooperation in the European Union. This holds also for monetary and fiscal policy. During severe crises, cooperation has been enlarged and intensified. The recent covid-19 pandemic is a clear example of this pattern. The pandemic has had huge impact on the...
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Optimal robust monetary policy in a small open economy
André, Marine Charlotte; Medina Espidio, Sebastián - 2022
We study an optimal robust monetary policy for a small open economy. The robust control approach assumes that economic agents cannot assign probabilities to a set of plausible models and rather focuses on the worst possible misspecification from a benchmark model. Our findings suggest that,...
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The cyclical behaviour of fiscal policy during the Covid-19 crisis
Heimberger, Philipp - 2022
This paper analyses the cyclicality of fiscal policy (discretionary versus automatic) for 28 advanced economies over 1995-2021 by paying special attention to the Covid-19 crisis. We find evidence that discretionary fiscal policy during the Covid-19 crisis (2020-2021) was significantly more...
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The NHK-Fintiv Rule
Barbier, Janelle - 2022
Since their inception in 2013, inter partes review proceedings have steadily gained in popularity, killing patents at an astounding rate. It is no wonder that defendants flee to the PTAB when staring down costly patent infringement suits in district court. But IPR institution is not a right; it...
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A Practical Interest Rate Rule Working for the Optimal Monetary Policy in a Quasi-Optimal Way : An Introduction to Nri Targeting
SUH, Jeong Eui - 2022
It is well known that the Fed can operate the optimal monetary policy if the Fed is able to trace the Natural-Rate-of-Interest (NRI) successfully. In this sense, it has been wondered if there could be a certain way practically available for the Fed to get it done. It is shown that, based on NRI...
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The Fed and the New Economy
Ball, Laurence; Tchaidze, Robert - 2022
This paper seeks to understand the behavior of Greenspan's Federal Reserve in the late 1990s. Some authors suggest that the Fed followed a simple 'Taylor rule,' while others argue that it deviated from such a rule because it recognized that the 'New Economy' permitted an easing of policy. We...
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Fiscal Rules and Fiscal Councils : Recent Trends and Performance During the COVID-19 Pandemic
Davoodi, Hamid R.; Elger, Paul; Fotiou, Alexandra; … - 2022
Adoption of fiscal rules and fiscal councils continued to increase globally over the last decades based on two new global datasets. During the pandemic, fiscal frameworks were put to test. The widespread use of escape clauses was one of the novelties in this crisis, which helped provide policy...
Persistent link: https://ebtypo.dmz1.zbw/10013295144
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Time for a Simple Linear Policy Rule for Stablecoin : Tether Policy Rule
Muhetaer, Mirewuti - 2022
Having an extra policy tool for central banks if a cryptocurrency is used alongside fiat currency in an economy is always mentioned in cryptocurrency arguments. In this paper, whether a simple linear policy rule, which is similar to the linear Taylor rule, can be used as an effective tool to...
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Fiscal Rules and the Reliability of Public Investment Plans : Evidence from Local Governments
Mancini, Anna Laura; Tommasino, Pietro - 2022
We document that Italian public administrations systematically overestimate capital expenditures, and that the introduction of a cap on this spending item improves the accuracy of their plans. Our analysis relies on a unique dataset including budgetary figures (both planned and realized) for all...
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Habit Persistence and Zero Lower Bound Risk under Optimal Discretionary Monetary Policy
Hasui, Kohei; Hoshino, Satoshi - 2022
Previous studies have shown that the risk of nominal interest rates hitting the zero lower bound (ZLB) has profound implications for monetary policy. In this paper, we show that habit persistence is a non-negligible deep parameter under optimal discretionary policy when the risk of the ZLB is...
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Fiscal Rules and the Selection of Politicians : Theory and Evidence from Italy
Gamalerio, Matteo; Trombetta, Federico - 2022
Fiscal rules, i.e., constraints to the policymaking discretion of elected officials, are widely used tools to regulate fiscal policies. We build a simple model that combines fiscal rules with endogenous entry into politics, showing how fiscal rules can negatively affect the quality (in terms of...
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Robustly Optimal Monetary Policy in a Behavioral Environment
Bounader, Lahcen; Traficante, Guido - 2022
This paper studies robustly optimal monetary policy in a behavioral New Keynesian model, where the private sector has myopia, while the central bank has Knightian uncertainty about the degree of myopia of the private sector and the degree of price stickiness. In such a setup the central bank...
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Performance of Operational Policy Rules in an Estimated Semi-Classical Structural Model
McCallum, Bennett T.; Nelson, Edward - 2022
This paper reports results of simulation exercises that explore several questions relating to the design of rules for monetary policy. Emphasis is given to issues raised by the concept of rule operationality, i.e., reliance on feasible instrument variables and information sets. Many of the...
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Post-Covid Fiscal Rules : A Central Bank Perspective
Hauptmeier, Sebastian; Leiner-Killinger, Nadine; … - 2022
Regarding a prospective reform of the European Stability and Growth Pact (SGP) it seems rather consensual that a simplified framework should take account of the prevailing macroeconomic context and enhance the balancing of sustainability and stabilisation considerations. This paper provides...
Persistent link: https://ebtypo.dmz1.zbw/10013297106
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Policy Rules for Inflation Targeting
Rudebusch, Glenn D.; Svensson, Lars E. O. - 2022
Policy rules that are consistent with inflation targeting are examined in a small macroeconomic model of the US economy. We compare the properties and outcomes of explicit instrument rules' as well as targeting rules.' The latter, which imply implicit instrument rules, may be closer to actual...
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Rules and Discretion in Trade Policy
Staiger, Robert W.; Tabellini, Guido - 2022
We argue in this paper that the second-best nature of trade-policy intervention makes it likely that the issue of time consistency viii be an important consideration in determining both the extent and the efficacy of such intervention in most environments. The point is seen most directly by...
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The macroeconomic effects of re-applying the EU fiscal rules : returning to the status quo ante or moving to expenditure rules?
Jurgeleit, Janis; Oberhoff, Lukas C.; Paetz, Christoph; … - 2022
Against the background of the European Commission's reform plans of the Stability and Growth Pact (SGP) this policy brief uses the macroeconometric multi-country model NiGEM to simulate the macroeconomic implications of the most relevant reform options from 2024 onwards. Next to a return to the...
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Counter-cyclical fiscal rules and the zero lower bound
Hauptmeier, Sebastian; Kamps, Christophe; Radke, Lucas - 2022
We analyse the effectiveness of optimal simple and implementable monetary and fiscal policy rules in stabilising economic activity, inflation and government debt in face of an occasionally binding lower bound on the nominal interest rate in a New Keynesian model. We show that, within the...
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Optimal Monetary Policy Inertia
Woodford, Michael - 2022
This paper considers the desirability of the observed tendency of central banks to adjust interest rates only gradually in response to changes in economic conditions. It shows, in the context of a simple model of optimizing private-sector behavior, that such inertial policy can be optimal. The...
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