Monetary policy under a fiscal theory of sovereign default

DOI10.1016/J.JET.2009.10.013MaRDI QIDQ969131zbMATH OpenOpenAlexFDO

Authors Andreas Schabert

Publication date 11 May 2010

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://papers.tinbergen.nl/09093.pdf

zbMATH Keywords

equilibrium determinationinterest rate policymoney supplypublic debtsovereign default

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Credit risk (91G40)

Recommendations

• Exchange rate policy under sovereign default risk
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Cites work

• A simple model for study of the determination of the price level and the interaction of monetary and fiscal policy
• Chaotic dynamics in a cash-in-advance economy
• Monetary policy and price level determinacy in a cash-in-advance economy
• The design of monetary and fiscal policy: a global perspective
• The Fiscal Myth of the Price Level

Cited in

(9)

• Equilibria under monetary and fiscal policy interactions in a portfolio choice model
• Monetary policy and liquid government debt
• International monetary equilibrium with default
• Exchange rate policy under sovereign default risk
• Discretionary monetary and fiscal policy with endogenous sovereign risk
• Debt stabilisation and dynamic interaction between monetary and fiscal policy: in medio stat virtus
• The monetary approach to the balance of payments and the IMF model of financial programming
• MONETARY POLICY, FISCAL POLICY, AND THE INFLATION TAX: EQUIVALENCE RESULTS
• Sovereign default contagion and monetary policy in an agent-based model

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