Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic

By John H. Cochrane. 2010

288 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/ae1632fce32cdb5c7227d084e757644ed641aa78

Citations in the corpus

• Understanding Inflation as a Joint Monetary-Fiscal Phenomenon (2016, unknown): “Sims (1999b), Cochrane (2011a) and Del Negro and Sims (2015a) thoroughly explore those equilibria to argue that a determinate price level requires appropriate fiscal backing.”
• Monetary Science, Fiscal Alchemy ∗ (2010, unknown): “Cochrane (2001) explains the general findings from adding longer term bonds and Cochrane (2010) presents some nice examples Leeper: Monetary Science, Fiscal Alchemy of inflation paths generated by lower expected surpluses.”
• Public Debt and Growth (2010, unknown): “, 2007), higher inflation (Sargent and Wallace 1981; Barro 1995; Cochrane 2011), and greater uncertainty about prospects and policies.”
• Inflation and the Fiscal Limit (2010, unknown): “Cochrane (2010) provides an interpretation of this regime in which ‘‘aggregate demand’’ can be thought of as the mirror image of demand for government debt.”