Fluctuating Macro Policies and the Fiscal Theory [with Comments and Discussion]

By Troy A. Davig, Eric M. Leeper. NBER macroeconomics annual, 2005

334 citations recorded by the source corpus.

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Citations in the corpus

Dynamics of Fiscal Financing in the United States (2009, neutral): “14As noted in the introduction, the introduction of nominal considerations, including nominal rigidities, and monetary policy behavior can change the size of the multiplier dramatically (Christiano, Eichenbaum, and Rebelo, 2009; Davig and Leeper, 2009; Eggertsson, 2009). 15Variance decompositions su”
Regime switches, Agents’ Beliefs, and Post-World War II U.S. Macroeconomic Dynamics (2013, positive): “Davig and Leeper (2006b) and Davig et al. (2007) consider models that are more general than the linear-in-variables model that are considered here and, in certain special cases, they can be 12 solved explicitly.”
Monetary-Fiscal Policy Interactions and Fiscal Stimulus (2011, positive): “We solve the model numerically using the monotone map method described in Davig and Leeper (2006).”
Escaping the Great Recession (2017, positive): “As a result, a high level of debt determines S td . some slight inflationary pressure even when the Monetary led regime is in place, in line with the results of Davig and Leeper (2006).”
Monetary Science, Fiscal Alchemy ∗ (2010, positive): “(2009), Erceg and Lindé (2009), Eggertsson (2009), Davig and Leeper (2010)]. Table 2 reports present-value government spending multipliers for a new Keynesian model similar to those in use at central banks, but in an environment in which monetary and fiscal policies are regularly switching between a”
Inequality, Leverage and Crises: The Case of Endogenous Default (2013, neutral): “[9] Davig, T.”
Monetary and Fiscal Policy Switching (2007, neutral): “See (Davig and Leeper 2005) for details.”
Understanding Inflation as a Joint Monetary-Fiscal Phenomenon (2016, background): “Davig and Leeper (2006) find recurring switches between active and passive monetary and fiscal rules, with some periods in which both policies are active or both are passive.”
Ricardian fiscal regimes in the European Union (2008, background): “3 Davig and Leeper (2005) mention that “passive fiscal policy” occurs when the response of taxes to debt”
Monetary/Fiscal Policy Mix and Agents’ Beliefs (2017, positive): “As in Davig and Leeper (2006), we find that fiscal imbalances determine inflationary pressure even under the AM/PF regime.”