Deficit, monetization, and economic growth: a case for multiplicity and indeterminacy

DOI10.1007/S00199-017-1040-5zbMATH Open1403.91242OpenAlexW2594885274MaRDI QIDQ722609FDOQ722609

Authors Maxime Menuet, Alexandru Minea, Patrick Villieu

Publication date 27 July 2018

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-017-1040-5

zbMATH Keywords

indeterminacyendogenous growthpublic debtdeficitmonetization

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

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Cites work

• A banking explanation of the US velocity of money: 1919-2004
• A general two-sector model of endogenous growth with human and physical capital: Balanced growth and transitional dynamics
• A simple proof of the necessity of the transversality condition
• Chaotic dynamics in a cash-in-advance economy
• Debt in the US economy
• Debt-deflation versus the liquidity trap: the dilemma of nonconventional monetary policy
• Dynamics in a transactions-based monetary growth model
• Fiscal Policy in an Endogenous Growth Model
• Inflation and welfare
• Money and Growth: The Case of Long Run Perfect Foresight
• Multiple equilibria in two-sector monetary economies: an interplay between preferences and the timing for money
• Persistent deficit, growth, and indeterminacy
• Ramsey fiscal policy and endogenous growth

Cited in

(4)

• Persistent deficit, growth, and indeterminacy
• Monetary rules in a two-sector endogenous growth model
• Reputation and the ``need for enemies
• Comparing recursive equilibrium in economies with dynamic complementarities and indeterminacy

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