Monetary and Fiscal Policy Switching

By Hess T. Chung, Troy A. Davig, Eric M. Leeper. 2007

182 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/73e5f8a2ae1a945fcdd330e4d88ab6e322d2ff66

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In Economics and Econometrics

Citations in the corpus

Monetary-Fiscal Policy Interactions and Fiscal Stimulus (2011, background): “(2006), Chung, Davig, and Leeper (2007) , and Davig and Leeper (2007), Svensson and Williams (2007, 2008), Bianchi (2009), and Farmer, Zha, and Waggoner (2009).”
Monetary/Fiscal Policy Mix and Agents’ Beliefs (2017, unknown): “This result is in line with the results obtained by Davig and Leeper (2006) in a calibrated model and by Davig et al. (2007) in an analytical example.”
Regime switches, Agents’ Beliefs, and Post-World War II U.S. Macroeconomic Dynamics (2013, unknown): “Ireland (2007) also estimates a New Keynesian model in which Federal Reserves unobserved ination target drifts over time.”
Escaping the Great Recession (2017, unknown): “This feature of the model is in line with the results obtained by Bianchi and Ilut (2015) in an estimated model, Davig and Leeper (2006) in a calibrated model, and Davig et al. (2007) in an analytical example.”
Minimal State Variable Solutions to Markov-switching Rational Expectations Models (2011, background): “Following the introduction of vector autoregressions (VARs) to macroeconomics by Christopher Sims (1980) it was quickly realized that it is difficult to find macroeconomic applications for which model parameters remain stable over long periods of time.”
Fluctuating Macro Policies and the Fiscal Theory [with Comments and Discussion] (2005, unknown): “Included among purely monetary interpretations are narratives [DeLong (1997), Mayer (1998), Romer and Romer (2004)], fixed regime [Orphanides (2003a)], permanent regime change [Clarida, Gali, and Gertler (2000), Lubik and Schorfheide (2004)], adaptive learning [Cogley and Sargent (2005b, 2002), Prim”
Fiscal Policy Rules and Regime (In)Stability: Evidence from the U.S. (2005, unknown): “it = β0(st) + β2(st) (Et {πt+4}− 2) + β3(st) xt (12)”