Monetary and fiscal policy in a liquidity trap with inflation persistence

DOI10.1016/j.jedc.2018.12.006zbMath1411.91413OpenAlexW2280698970WikidataQ128613019 ScholiaQ128613019MaRDI QIDQ1734527

Jean-Baptiste Michau

Publication date: 27 March 2019

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2018.12.006

zbMATH Keywords

commitmentliquidity trapmonetary and fiscal policyinflation persistence

Mathematics Subject Classification ID

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

Cites Work

• Optimal fiscal and monetary policy with occasionally binding zero bound constraints
• Secular stagnation: theory and remedies
• The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound?
• The General Theory of Employment, Interest, and Money

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