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...
| 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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