Monetary-Fiscal Policy Interactions and Fiscal Stimulus

By Troy A. Davig, Eric M. Leeper. 2011

512 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/df5518a25ca47fea9c0566c0a3c33c891e1ecd89

How researchers see this paper

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

In Economics and Econometrics

Citations in the corpus

Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data (2014, unknown): “The relationship between government spending multipliers and the degree of monetary accommodation, even outside the zero lower bound, has been explored by many others, including Davig and Leeper (2011) and Zubairy (2014).”
Dynamics of Fiscal Financing in the United States (2009, unknown): “14 As noted in the Introduction, the introduction of nominal considerations, including nominal rigidities, and monetary policy behavior can change the size of the multiplier dramatically (Christiano et al., 2009; Davig and Leeper, 2009; Eggertsson, 2009).”
Automatic Fiscal Stabilisers: What They Are and What They Do (2012, unknown): “This camp emphasised the presence of financially constrained households and accommodative monetary policy when interest rates are constrained by the zero lower bound, two factors that render discretionary fiscal policy effective again and raise the size of the fiscal multiplier (see e.g. Christiano ”
Clearing Up the Fiscal Multiplier Morass (2011, background): “(2011), Davig and Leeper (2011) and Dupor and Li (2015) finds that in regime F or at the zero lower bound for nominal interest rates, output multipliers can exceed 2, real interest rates fall and inflation rises substantially.”
New Keynesian versus Old Keynesian Government Spending Multipliers (2010, methodology): “stabilize inflation, an interesting study by Davig and Leeper (2009) considers the anticipation of a shift to a monetary regime that would de-stabilize the economy if maintained.”
Unemployment Fiscal Multipliers (2010, background): “The household may either consume (on average) ct or accumulate capital kt through investment it according to kt+1 = (1 )kt + it(1 t); (7)”
The Expected Inflation Channel of Government Spending in the Postwar U.S. (2013, unknown): “33 Next, Davig and Leeper (2011) study government spending shocks in a sticky price model under several diﬀerent monetary/ﬁscal policy scenarios.”