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Monetary policy implications of greater fiscal discipline
12 references·9 citing·42 second hop
Monetary policy implications of greater fiscal discipline (1995)Monetary policy implications of greater f…The inflation/output variability trade-off revisited (1994)The inflation/output variabil…Evaluating policy regimes : new research in empirical macroeconomics (1993)Evaluating policy regimes : n…Discretion versus policy rules in practice (1993)Discretion versus policy rule…Servicing 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. (1989)Servicing the Public Debt: Th…Why do we have nominal government debt? (1988)Why do we have nominal govern…Time Consistency of Fiscal and Monetary Policy (1987)Time Consistency of Fiscal an…Some Unpleasant Monetarist Arithmetic (1984)Some Unpleasant Monetarist Ar…Optimal fiscal and monetary policy in an economy without capital (1983)Optimal fiscal and monetary p…Are Bond-Financed Deficits Inflationary? A Ricardian Analysis (1982)Are Bond-Financed Deficits In…Free to Choose: a personal Statement (1980)Free to Choose: a personal St…Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Rules Rather than Discretion:…Essays in Positive Economics. (1954)Essays in Positive Economics.Monetary and fiscal policy interaction: What is the role of the transaction cost of the tax system in stabilisation policies? (2022)Monetary and fiscal policy in…Combining Monetary and Fiscal Policy in an SVAR for a Small Open Economy (2013)Combining Monetary and Fiscal…Fiscal Issues and Central Banking in Emerging Economies (2008)Fiscal Issues and Central Ban…Fiscal and Monetary Nexus in Emerging Market Economies: How Does Debt Matter? (2006)Fiscal and Monetary Nexus in …Fiscal Policy Rules and Regime (In)Stability: Evidence from the U.S. (2005)Fiscal Policy Rules and Regim…The Monetary-Fiscal Policy Mix: Perspectives from the U.S. (2002)The Monetary-Fiscal Policy Mi…The Economic Effects of Long-Term Fiscal Discipline (2002)The Economic Effects of Long-…The Economic Consequences of Disappearing Government Debt (2000)The Economic Consequences of …Debt and Monetary Policy: The Policy Issues (1996)Debt and Monetary Policy: The…Crises and Prices: Information Aggregation, Multiplicity, and VolatilityStaggered prices in a utility-maximizing framework (1983)Default Risk on Government Debt in OECD Countries (1992)Staggered Prices in a Utility-Maximizing Framework (1996)Signaling in a Global Game: Coordination and Policy Traps (2006)Are Government Bonds Net Wealth? (1974)Rules, discretion and reputation in a model of monetary policy (1983)A Scorecard for Indexed Government Debt (1996)Optimal Management of Indexed and Nominal Debt (1997)Politicians, Taxes and Debt (2008)Myopia and Inconsistency in Dynamic Utility Maximization (1955)Myopia and Inconsistency in Dynamic Utility Maximization (1973)A Positive Theory of Fiscal Deficits and Government Debt (1990)Monetary Theory and Policy (1999)A Unified Framework for Monetary Theory and Policy Analysis (2005)Some Unpleasant Monetarist Arithmetic (1981)9. The Ricardian Approach to Budget Deficits (1990)Do Revenues or Expenditures Respond to Budgetary Disequilibria? (1994)A Monetary and Fiscal Framework for Economic Stability (1995)The composition of government expenditure and its consequences for macroeconomic performance∗ (1995)Why Are Stabilizations Delayed?The monetary dynamics of hyperinflation (1956)Money and Economic Growth (1965)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)The Role of Monetary Policy (1995)Presidential Address: Discount Rates (2011)Rational Expectations and the Theory of Price Movements (1961)Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment (1973)Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism (1995)Veto Players. How Political Institutions Work (2003)The New Institutionalism: Organizational Factors in Political Life (1983)Economic Reform and the Process of Global Integration (1995)The Nature of Theory in Information Systems1 (2006)The Effectiveness of Fiscal Policy in Stimulating Economic Activity (2002)A small estimated euro area model with rational expectations and nominal rigidities (2003)Robust Monetary Policy Rules with Unknown Natural Rates (2003)Identity and Schooling: Some Lessons for the Economics of Education (2002)Social Capital and the Diffusion of Innovations Within Organizations: The Case of Computer Technology in Schools (2004)The citizen-consumer hybrid: ideological tensions and the case of Whole Foods Market (2007)The Science of Monetary Policy: A New Keynesian Perspective (1999)Estimation and Inference of Impulse Responses by Local Projections (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)
this work references cited by second hop

References

  • 1993Discretion versus policy rules in practice9,059 cited
  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1954Essays in Positive Economics.2,999 cited
  • 1983Optimal fiscal and monetary policy in an economy without capital1,877 cited
  • 1984Some Unpleasant Monetarist Arithmetic1,486 cited
  • 1980Free to Choose: a personal Statement842 cited
  • 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. 647–661.450 cited
  • 1993Evaluating policy regimes : new research in empirical macroeconomics294 cited
  • 1982Are Bond-Financed Deficits Inflationary? A Ricardian Analysis257 cited
  • 1988Why do we have nominal government debt?193 cited
  • 1987Time Consistency of Fiscal and Monetary Policy176 cited
  • 1994The inflation/output variability trade-off revisited

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95 cited

Cited by

  • 2002The Economic Effects of Long-Term Fiscal Discipline161 cited
  • 2000The Economic Consequences of Disappearing Government Debt132 cited
  • 2005Fiscal Policy Rules and Regime (In)Stability: Evidence from the U.S.116 cited
  • 1996Debt and Monetary Policy: The Policy Issues39 cited
  • 2013Combining Monetary and Fiscal Policy in an SVAR for a Small Open Economy33 cited
  • 2022Monetary and fiscal policy interaction: What is the role of the transaction cost of the tax system in stabilisation policies?26 cited
  • 2002The Monetary-Fiscal Policy Mix: Perspectives from the U.S.16 cited
  • 2006Fiscal and Monetary Nexus in Emerging Market Economies: How Does Debt Matter?15 cited
  • 2008Fiscal Issues and Central Banking in Emerging Economies11 cited