Debt Stabilization Bias and the Taylor Principle : Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence /

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence. Leith and Wren-Lewis (2007) have shown that optimal discretionary policy is subject to a 'debt stabilization bias' which requires debt to be returned to its pre-shock level. T...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Vines, David
अन्य लेखक: Stehn, Sven Jari
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2007.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2007/206
ऑनलाइन पहुंच:Full text available on IMF

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