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ArticleMonetary policy implications of greater fiscal discipline

John B. Taylor1995

Article1995

Monetary policy implications of greater fiscal discipline

43 citations·0/0 files stored·RePEc: Research Papers in Economics

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Monetary Policy and Economic Impact Fiscal Policies and Political Economy European Monetary and Fiscal Policies

Abstract

Debts, Public; Budget deficits; Monetary policy - United States; Germany; Fiscal policy

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References

1993Discretion versus policy rules in practice 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans 1954Essays in Positive Economics.1983Optimal fiscal and monetary policy in an economy without capital 1984Some Unpleasant Monetarist Arithmetic 1980Free to Choose: a personal Statement 1989Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661.1993Evaluating policy regimes : new research in empirical macroeconomics

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2002The Economic Effects of Long-Term Fiscal Discipline 2000The Economic Consequences of Disappearing Government Debt

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Details

Year1995

Typearticle

Published1995-01-01

VenueRePEc: Research Papers in Economics

Languageen

Citations43

Files0 public / 0

ShelfMonetary Policy and Economic Impact

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openalex_workW1559127418

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