Inflation and the Fiscal Limit

162 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Perturbation methods for Markov‐switching dynamic stochastic general equilibrium models (2016, background): “…monetary policy and macroeconomic time series (Schorfheide (2005), Davig and Doh (2008), Liu, Waggoner, and Zha (2011), and Bianchi (2010)) and in modeling the expected effects of future fiscal policy changes (Davig, Leeper, and Walker (2010, 2011),Bi and Traum (2012), Bianchi and Melosi (2013)).”
Efficient Perturbation Methods for Solving Regime-Switching DSGE Models (2015, unknown): “Many solution approaches, like Farmer et al. (2011) or Cho (2014), start out with a linear model and then apply a Markov switching to the parameters.”
Perturbation Methods for Markov-Switching DSGE Models (2014, background): “…time series (Schorfheide (2005), Davig and Doh (2008), Liu, Waggoner, and Zha (2011), and Bianchi (2010)) and in modeling the expected effects of future fiscal policy changes (Davig, Leeper, and Walker (2010), Davig, Leeper, and Walker (2011), Bi and Traum (2012), Bianchi and Melosi (2013)).”
Monetary Science, Fiscal Alchemy ∗ (2010, unknown): “Davig et al. (2010b) derive analytical results in a setting like that in section III but where agents know that at some future period, T , taxes will remain fixed at τ max and monetary policy will shift to peg the nominal interest rate rather than target inflation; that is, in periods t = 0, 1, . .…”