Optimal Simple and Implementable Monetary and Fiscal Rules

By Stephanie Schmitt-Grohé, Martin Uribe. 2007

1,147 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/626ea9616dc56299ca11f52d7b211ebd04a923c8

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In Economics and Econometrics

Citations in the corpus

The Effects of Discretionary Fiscal Policy on Macroeconomic Aggregates: A Reappraisal (2011, positive): “The DSGE literature is rich of studies that model the interaction of endogenously derived or exogenously assumed fiscal and monetary policy rules; for instance Schmitt-Grohé and Uribe (2007) and Adam and Billi (2008).”
Monetary Conservatism and Fiscal Policy (2008, background): “An important strand of the literature, developed by Sargent and Wallace (1981), Leeper (1991), and Woodford (2001), studies monetary and fiscal policy interactions using policy rules, e.g., Schmitt-Grohe and Uribe (2007) and Ferrero (2005).”
The Optimal Rate of Inflation (2010, methodology): “Schmitt-Grohé and Uribe (2007b) found that a striking characteristic of the optimal monetary regime is the high sensitivity of the welfare-maximizing rate of inflation with respect to the parameter a, governing the degree of price stickiness, for the range of values of this parameter that is…”
Monetary policy and risk taking (2015, neutral): “We set  set equal to 3, chosen in such a way to generate a steady-state level of employment See ofr instance Kim and Kim 2003, Kollmann [?], [?] Schmitt-Grohe and Uribe [38], [39], [40], Faia and Monacelli [24], Faia [23].”
Optimal Monetary Policy Under Low Trend Inflation (2007, positive): “We therefore extend the standard New Keynesian model to allow for positive trend inflation, showing that even low trend inflation has strong effects on optimal monetary policy and the dynamics of inflation, output and interest rates.”
Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area (2013, methodology): “The model is estimated using Bayesian methods and includes several nominal and real rigidities to t the data, as in Smets and Wouters (2003) and Iacoviello and Neri (2010).”
Trend Inflation, Taylor Principle and Indeterminacy (2009, neutral): “Schmitt-Grohe and Uribe (2004b) shows that st is bounded below at one.”
Ramsey Monetary Policy With Labour Market Frictions (2009, background): “• vt : −ψ1,tκ− ψ2,tm(1− nt)(1− ρ)(1− ξ)v −ξ t = 0 (35)”