Dealing with a liquidity trap when government debt matters: optimal time-consistent monetary and fiscal policy

DOI10.1016/J.JEDC.2014.08.018MaRDI QIDQ1991928zbMATH OpenOpenAlexFDO

Authors Matthias Burgert, Sebastian M. Schmidt

Publication date 2 November 2018

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.2014.08.018

zbMATH Keywords

deficit spendingdiscretionfiscal policymonetary policyzero nominal interest rate bound

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30)

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Cites work

• scientific article; zbMATH DE number 1873658 (Why is no real title available?)
• Optimal fiscal and monetary policy under sticky prices.

Cited in

(19)

• Lack of confidence, the zero lower bound, and the virtue of fiscal rules
• Optimal fiscal and monetary policy with occasionally binding zero bound constraints
• Monetary policy and liquid government debt
• Optimal debt management in a liquidity trap
• A model of fiscal dominance under the ``Reinhart conjecture
• Monetary and fiscal policy in a liquidity trap with inflation persistence
• Fiscal policy and liquidity traps with heterogeneous agents
• Debt stabilisation and dynamic interaction between monetary and fiscal policy: in medio stat virtus
• Debt-deflation versus the liquidity trap: the dilemma of nonconventional monetary policy
• On the timing and optimality of capital controls: Public expenditures, debt dynamics and welfare
• Fiscal Policy in an Expectations-Driven Liquidity Trap
• Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach*
• Credible forward guidance
• Time Consistency and Duration of Government Debt: A Model of Quantitative Easing
• When is government debt accumulation optimal in a liquidity trap?
• Bond premium cyclicality and liquidity traps
• Fiscal policy under secular stagnation: an optimal pump-priming strategy
• Managing the inflation-output trade-off with public debt portfolios
• The effectiveness of government debt for demand management: sensitivity to monetary policy rules

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• CompEcon

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