Dealing with a liquidity trap when government debt matters: optimal time-consistent monetary and fiscal policy

DOI10.1016/J.JEDC.2014.08.018zbMath1402.91417OpenAlexW1513702715MaRDI QIDQ1991928

Matthias Burgert, Sebastian M. Schmidt

Publication date: 2 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.2014.08.018

zbMATH Keywords

monetary policyfiscal policydiscretiondeficit spendingzero nominal interest rate bound

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30)

Related Items (5)

Lack of confidence, the zero lower bound, and the virtue of fiscal rules ⋮ Optimal fiscal and monetary policy with occasionally binding zero bound constraints ⋮ A model of fiscal dominance under the ``Reinhart conjecture ⋮ Credible forward guidance ⋮ When is government debt accumulation optimal in a liquidity trap?

Uses Software

• CompEcon

Cites Work

• Unnamed Item
• Optimal fiscal and monetary policy under sticky prices.

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