The perils of fiscal feedback rules
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Publication:6604754
Recommendations
- The failure of stabilization policy: balanced-budget fiscal rules in the presence of incompressible public expenditures
- Public debt and fiscal policy traps
- Fiscal policy rules in an overlapping generations model with endogenous labour supply
- Fiscal and monetary policy rules in an unstable economy
- Fiscal policy, debt constraint and expectations-driven volatility
Cites work
- A simple model for study of the determination of the price level and the interaction of monetary and fiscal policy
- Aggregate instability under balanced-budget consumption taxes: a re-examination
- Approximating the bias of the LSDV estimator for dynamic unbalanced panel data models
- Balanced-budget rules: chaos and deterministic sunspots
- Biases in Dynamic Models with Fixed Effects
- Elements of applied bifurcation theory.
- Fiscal policy rules and the sustainability of public debt in Europe
- Growth and human capital: good data, good results
- Identifying Human-Capital Externalities: Theory with Applications
- Indeterminacy Under Constant Returns to Scale in Multisector Economies
- Indeterminacy and fiscal policies in a growing economy
- Indeterminacy and increasing returns
- Indeterminacy with non-separable utility
- Persistence and volatility of Beveridge cycles
- Pushing the limit? Fiscal policy in the European Monetary Union
- The perils of Taylor rules
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