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4 edition of Optimal fiscal feedback on debt in an economy with nominal rigidities found in the catalog.

Optimal fiscal feedback on debt in an economy with nominal rigidities

Tatiana Kirsanova

Optimal fiscal feedback on debt in an economy with nominal rigidities

by Tatiana Kirsanova

  • 240 Want to read
  • 27 Currently reading

Published by Federal Reserve Bank of Atlanta in [Atlanta, Ga.] .
Written in English


Edition Notes

StatementTatiana Kirsanova and Simon Wren-Lewis.
SeriesWorking paper series / Federal Reserve Bank of Atlanta -- 2007-26, Working paper series (Federal Reserve Bank of Atlanta : Online) -- 2007-26.
ContributionsWren-Lewis, Simon., Federal Reserve Bank of Atlanta.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL16442785M
LC Control Number2007702794

  Kirsanova, Tatiana, and Simon Wren-Lewis. “Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities.” The Economic Journal (): – Lavoie, Marc. “The Monetary and Fiscal Nexus of Neo-Chartalism: A Friendly Critique.” Journal of Economic Issues 47 (1): 1– Lerner, Abba P. Optimal fiscal feedback on debt in an economy with nominal rigidities "We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal. We look at the extent to which different degrees.

We propose an integrated treatment of the problems of optimal monetary and fiscal policy, for an economy in which prices are sticky and the only available sources of government revenue are distorting taxes. Our linear-quadratic approach allows us to nest both conventional analyses of optimal monetary stabilization policy and analyses of optimal tax-smoothing as special cases of our more. We study the existence and uniqueness properties of monetary policy with limited commitment in LQ RE models. We use a New Keynesian model with debt accumulation in the spirit of Leeper () as a `lab', because this model generates multiple equilibria under pure discretion, and under full commitment there are two distinct determinate regimes.

Nominal Targeting in an Economy with Government Debt Working Papers, Business School - Economics, University of Glasgow See also Journal Article in European Economic Review () An Empirical Assessment of Optimal Monetary Policy Delegation in the Euro Area. Optimal fiscal feedback on debt in an economy with nominal rigidities Tatiana Kirsanova and Simon Wren-Lewis Equilibrium mortgage choice and housing tenure decisions with refinancing Matthew Chambers, Carlos Garriga and Don Schlagenhauf Optimal simple and implementable monetary and fiscal rules Stephanie Schmitt-Grohe and Martín Uribe.


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Optimal fiscal feedback on debt in an economy with nominal rigidities by Tatiana Kirsanova Download PDF EPUB FB2

Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities * Tatiana Kirsanova. We examine the impact of different degrees of fiscal feedback on debt when monetary policy is determined optimally, rather than following a simple rule.

We show for the first time a clear discontinuity in the behaviour of monetary policy and Cited by: Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities*.

Tatiana Kirsanova. University of Exeter. Search for more papers by this authorCited by: We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal. We look at the extent to which different degrees of fiscal feedback enhances or detracts from the ability of the monetary authorities to stabilise output and inflation.

Using an objective function derived from utility, we find the optimal level of. "We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal.

We look at the extent to which different degrees of. Downloadable (with restrictions). We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal.

We look at the extent to which different degrees of fiscal feedback enhances or detracts from the ability of the monetary authorities to stabilise output and inflation. We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal.

We look at the extent to which different degrees of. We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal. We look at the extent to which different degrees of fiscal feedback enhances or detracts from the ability of the monetary authorities to stabilise output and inflation.

Optimal fiscal feedback on debt in an economy with nominal rigidities Kirsanova, T. and Wren-Lewis, S. () Optimal fiscal feedback on debt in an economy with nominal rigidities.

Economic Journal, (), pp. (doi: /jx). Abstract. We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is determined optimally, rather than following a simple rule. We look at the extent to which different degrees of fiscal feedback enhances or detracts from the ability of the monetary authorities to stabilise output and by: Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities Tatiana Kirsanova and Simon Wren-Lewis Working Paper December Abstract: We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal.

We look at the extent to wh ich different degrees of. Abstract We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal. We look at the extent to which different degrees of fiscal feedback enhances or detracts from the ability of the.

Kirsanova, T. and Wren-Lewis, S. () Optimal fiscal feedback on debt in an economy with nominal rigidities. Economic Journal (), – CrossRef | Google Scholar Leeper, E. () Equilibria under active and passive monetary and fiscal policies.

Kirsanova, T. and S. Wren-Lewis (), ‘Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities’, mimeo, University of Exeter. Google Scholar Krogstrup, S. and C. Wyplosz (), ‘A Common Pool Theory of Deficit Bias Correction’, mimeo.

Kirsanova, T and S. Wren-Lewis () 'Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities', Economic Journal, Vol.pp (article, working paper) Leith, C and Wren-Lewis, S (), Interactions Between Monetary and Fiscal Policy Rules, Economic.

Kirsanova, T. and Wren-Lewis, S. () Optimal fiscal feedback on debt in an economy with nominal rigidities. Economic Journal– CrossRef | Google Scholar Kolasa, M. and Lombardo, G. () Financial frictions and optimal monetary policy in an open economy. Overall, the effects of different steady state debt/GDP ratios on the allocations and tax rates are surprisingly linear.

Fig. 2 provides as an example for this outcome and depicts the optimal steady state tax rate as a function of the steady state debt/GDP ratio. The linearity emerges even though the model features an important non-linearity resulting from the Laffer curve.

because public debt is nominal and non-state-contingent. Thus, inflation plays the role of a shock absorber of unexpected innovations in the fiscal deficit. On the other hand, a more recent literature focuses on characterizing optimal monetary policy in environments with nominal rigidities and imperfect competition.2 Besides its emphasis on the.

nominal rigidities and monopolistic competition and adds to it a –scal authority that issues nominal non-state contingent debt, levies distor-tionary labor income taxes and determines the level of public goods provision. Higher government debt levels make it optimal to reduce public spending, so as to dampen the adverse incentive e⁄ects of dis.

Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities The Economic Journal, Vol.Issuepp. Number of pages: 27 Posted: 06 Mar O - Economic Development, Innovation, Technological Change, and Growth P - Economic Systems Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics.

Book/Printed Material Optimal fiscal feedback on debt in an economy with nominal rigidities "We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal.Centre for Economic Policy Research.

CS1 maint: multiple names: authors list ; Simon Wren-Lewis; Tatiana Kirsanova (). Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities. Department of Economics, University of Oxford. Simon Wren-Lewis; Campbell Leith (). The Optimal Monetary Policy Response to Exchange Rate.management policy played very little part in either the choice of an optimal debt maturity or in stabilising the economy.

Since the beginning of s, however, the role of fiscal and monetary policy has started to become more active. Fiscal deficits and public debt .