Add to ORKGI use the valuation equation of government debt to understand fiscal and monetary policy in and following the great recession of 2008-2009, to think about fiscal pressures on US inflation, and what sequence of events might surround such an inflation. I emphasize that a fiscal inflation can come well before large deficits or monetization are realized, and is likely to come with stagnation rather than a boom.
The paper argues that the world economy might experiment inflationary pressures (or restrictive poli...
In late 2008 and early 2009, there has been a serious deterioration in the economic outlook of polit...
This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recess...
I use the valuation equation of government debt to understand fiscal and monetary policy in and foll...
An asset-pricing perspective on inflation reveals that it depends on current and expected monetary a...
Many advanced economies are heading into an era of fiscal stress: populations are aging and governme...
With immense pressure on public finances during the Great Recession restricting the use of fiscal po...
We do not have a good measure of the effects of fiscal policy in a recession because the methods tha...
Current fiscal policy is unsustainable and large, prospective deficits and debt, driven by "mandator...
The recession that began with a cyclical peak in December 2007 originated in a combination of real s...
Slow moving demographics are aging populations around the world and pushing many countries into an e...
I offer an interpretation of the current (June 2009) macroeconomic situation and outlook focused on ...
In 2008, governments in many countries embarked on large fiscal expenditure programmes, with the int...
When an economy drops suddenly into recession, the paramount objective of any policy initiative is t...
Background: With the occurrence of the crisis in 2007, which caused the largest economic contraction...
The paper argues that the world economy might experiment inflationary pressures (or restrictive poli...
In late 2008 and early 2009, there has been a serious deterioration in the economic outlook of polit...
This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recess...
I use the valuation equation of government debt to understand fiscal and monetary policy in and foll...
An asset-pricing perspective on inflation reveals that it depends on current and expected monetary a...
Many advanced economies are heading into an era of fiscal stress: populations are aging and governme...
With immense pressure on public finances during the Great Recession restricting the use of fiscal po...
We do not have a good measure of the effects of fiscal policy in a recession because the methods tha...
Current fiscal policy is unsustainable and large, prospective deficits and debt, driven by "mandator...
The recession that began with a cyclical peak in December 2007 originated in a combination of real s...
Slow moving demographics are aging populations around the world and pushing many countries into an e...
I offer an interpretation of the current (June 2009) macroeconomic situation and outlook focused on ...
In 2008, governments in many countries embarked on large fiscal expenditure programmes, with the int...
When an economy drops suddenly into recession, the paramount objective of any policy initiative is t...
Background: With the occurrence of the crisis in 2007, which caused the largest economic contraction...
The paper argues that the world economy might experiment inflationary pressures (or restrictive poli...
In late 2008 and early 2009, there has been a serious deterioration in the economic outlook of polit...
This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recess...