Liquidity premiums on government debt and the fiscal theory of the price level

DOI10.1016/J.JEDC.2018.01.038zbMath1401.91317OpenAlexW2599123125MaRDI QIDQ1657234

Aleksander Berentsen, Christopher J. Waller

Publication date: 13 August 2018

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

Full work available at URL: https://research.stlouisfed.org/wp/2017/2017-008.pdf

zbMATH Keywords

liquidityprice levelfiscal theory

Mathematics Subject Classification ID

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

Related Items (3)

The fiscal theory of the price level in a world of low interest rates ⋮ Can the fiscal authority constrain the central bank? ⋮ Monetary policy and liquid government debt

Cites Work

• Outside versus inside bonds: a Modigliani-Miller type result for liquidity constrained economies
• A simple model for study of the determination of the price level and the interaction of monetary and fiscal policy
• The fiscal theory of the price level in a world of low interest rates
• Monetary policy and liquid government debt
• Dynamics, cycles, and sunspot equilibria in `genuinely dynamic, fundamentally disaggregative' models of money.

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