Lack of confidence, the zero lower bound, and the virtue of fiscal rules

DOI10.1016/J.JEDC.2016.06.005zbMath1401.91432OpenAlexW3121902379MaRDI QIDQ1656363

Sebastian M. Schmidt

Publication date: 10 August 2018

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

Full work available at URL: http://hdl.handle.net/10419/154228

zbMATH Keywords

multiple equilibriasunspotsliquidity trapgovernment spendingRicardian fiscal policy

Mathematics Subject Classification ID

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

Related Items (1)

Average inflation targeting and macroeconomic stability

Cites Work

• Self-fulfilling deflations
• Dealing with a liquidity trap when government debt matters: optimal time-consistent monetary and fiscal policy
• Liquidity traps and expectation dynamics: fiscal stimulus or fiscal austerity?
• Fiscal Policy in an Expectations-Driven Liquidity Trap
• The perils of Taylor rules

This page was built for publication: Lack of confidence, the zero lower bound, and the virtue of fiscal rules