When Does a Central Bank's Balance Sheet Require Fiscal Support?

By MarcoDel Negro, Chris Sims. 2015

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The dynamics of sovereign debt crises and bailouts (2016, unknown): “The issue of fiscal support for the balance sheet of a central bank has recently been analyzed by del Negro and Sims (2015). We assume that this agency aims at ensuring the selection of the “good” equilibrium.”
The "Mystery of the Printing Press" Monetary Policy and Self-fulfilling Debt Crises (2016, background): “Moreover, by (16), taxes under full default are at least as high as taxes under partial default ( e T σ i ≥ T̂i).”
Understanding Inflation as a Joint Monetary-Fiscal Phenomenon (2016, background): “Exploding central bank balance sheets also grew riskier, increasing concerns about whether the requisite fiscal backing or support for monetary policy is guaranteed [Del Negro and Sims (2015a)].”