Monetary and fiscal policy under deep habits

DOI10.1016/j.jedc.2014.11.005zbMath1402.91470OpenAlexW2097343705MaRDI QIDQ1624032

Ioana Moldovan, Raffaele Rossi, Campbell Leith

Publication date: 15 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2014.11.005

zbMATH Keywords

monetary policyfiscal policydeep habitsNew Keynesian

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Uses Software

• fminsearch

Cites Work

• Linear-quadratic approximation of optimal policy problems
• Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers
• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• Interest rate policy, debt, and indeterminacy with distortionary taxation
• Optimal fiscal and monetary policy under sticky prices.
• Linear-quadratic approximation, external habit and targeting rules
• Deep Habits
• Convergence Properties of the Nelder--Mead Simplex Method in Low Dimensions
• An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

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