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Strategic Interactions between an Independent Central Bank and a Myopic Government with Government Debt

Strategic Interactions between an Independent Central Bank and a Myopic Government with Government Debt »

Source: Strategic Interactions between an Independent Central Bank and a Myopic Government with Government Debt

Volume/Issue: 2008/164

Series: IMF Working Papers

Author(s): Sven Jari Stehn , and David Vines

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2008

ISBN: 9781451870220

Keywords: Monetary and Fiscal Policy, Policy Myopia, Non-cooperative games, Stabilisation Bias, inflation, central bank, monetary policy, aggregate demand, high interest rates,

We analyse optimal discretionary games between a benevolent central bank and a myopic government in a New Keynesian model. First, when lump-sum taxes are available and public debt is absent, we show that a Nash gam...

Debt Stabilization Bias and the Taylor Principle

Debt Stabilization Bias and the Taylor Principle »

Source: Debt Stabilization Bias and the Taylor Principle : Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence

Volume/Issue: 2007/206

Series: IMF Working Papers

Author(s): David Vines , and Sven Jari Stehn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

ISBN: 9781451867701

Keywords: Stabilization Bias, control of inflation, aggregate demand, monetary economics,

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence. Leith and Wren-Lewis (2007) have shown that optimal discretionary policy is subject to a 'debt stab...

Inflation Targeting and Fiscal Rules

Inflation Targeting and Fiscal Rules »

Source: Inflation Targeting and Fiscal Rules : Do Interactions and Sequencing Matter?

Volume/Issue: 2014/89

Series: IMF Working Papers

Author(s): Jean-Louis Combes , Xavier Debrun , Alexandru Minea , and Rene Tapsoba

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2014

ISBN: 9781498322379

Keywords: institutional reform sequencing, inflation, inflation rate, terms of trade, Monetary Policy (Targets, Instruments, and Effects), Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy, Deficit,

The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main contr...

Strategic Interactions between an Independent Central Bank and a Myopic Government with Government Debt

Strategic Interactions between an Independent Central Bank and a Myopic Government with Government Debt »

Volume/Issue: 2008/164

Series: IMF Working Papers

Author(s): Sven Jari Stehn , and David Vines

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2008

DOI: http://dx.doi.org/10.5089/9781451870220.001

ISBN: 9781451870220

Keywords: Monetary and Fiscal Policy, Policy Myopia, Non-cooperative games, Stabilisation Bias, inflation, central bank, monetary policy, aggregate demand, high interest rates,

We analyse optimal discretionary games between a benevolent central bank and a myopic government in a New Keynesian model. First, when lump-sum taxes are available and public debt is absent, we show that a Nash gam...

Debt Stabilization Bias and the Taylor Principle
			: Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence

Debt Stabilization Bias and the Taylor Principle : Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence »

Volume/Issue: 2007/206

Series: IMF Working Papers

Author(s): David Vines , and Sven Jari Stehn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

DOI: http://dx.doi.org/10.5089/9781451867701.001

ISBN: 9781451867701

Keywords: Stabilization Bias, control of inflation, aggregate demand, monetary economics,

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence. Leith and Wren-Lewis (2007) have shown that optimal discretionary policy is subject to a 'debt stab...

Inflation Targeting and Fiscal Rules
			: Do Interactions and Sequencing Matter?

Inflation Targeting and Fiscal Rules : Do Interactions and Sequencing Matter? »

Volume/Issue: 2014/89

Series: IMF Working Papers

Author(s): Jean-Louis Combes , Xavier Debrun , Alexandru Minea , and Rene Tapsoba

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2014

DOI: http://dx.doi.org/10.5089/9781498322379.001

ISBN: 9781498322379

Keywords: institutional reform sequencing, inflation, inflation rate, terms of trade, Monetary Policy (Targets, Instruments, and Effects), Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy, Deficit,

The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main contr...