Can passive monetary policy decrease the debt burden?

DOI10.1016/J.JEDC.2023.104802MaRDI QIDQ6558555zbMATH OpenFDO

Authors Ruoyun Mao, Wenyi Shen, Shu-Chun Susan Yang

Publication date 19 June 2024

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/J.JEDC.2023.104802

zbMATH Keywords

endogenous regime-switching policygovernment spending effectsmonetary and fiscal policy interactionnonlinear DSGE modelpassive monetary policy

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Cites work

• A Fiscal Theory of Persistent Inflation
• Comparing solution methods for dynamic equilibrium economies
• Equilibrium in a Production Economy with an Income Tax
• Fiscal stimulus with learning-by-doing
• Origins of monetary policy shifts: a new approach to regime switching in DSGE models
• Productive government expenditures and long-run growth
• Projection methods for solving aggregate growth models
• Strategic interactions in U.S. monetary and fiscal policies

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