Add to ORKGThere are cases where the governments may not always serve the public interest. The implication seems to be that governments can help out but only if properly constrained. The impact of these ideas on monetary policy led to creation of Central banks. As far as fiscal policymaking is concerned, the evolution has been slower. It would seem that we are now ready to move to the next step, replacing rules with adequate incentives backed by institutions - fiscal policy committees.policies, institutions, rules.
2013-09-25There is much interest in the factors determining fiscal policy in order to explain existi...
Theory suggests that government should as far as possible smooth taxes and its recurrent consumption...
Fiscal Policy concerns the behavior of national governments, how they raise money in order to fund t...
This paper analyses the interaction between fiscal and monetary policy using the original Barro and ...
The latest generation of research into macroeconomic policy has turned from more technical aspects o...
The chapter argues for rules to coordinate monetary and fiscal policies. But the rules are rule like...
This paper develops two stylised models of the transitional economy that challenge to some extent, t...
The paper uses a dynamic inconsistency model known from monetary policy to assess three alternative ...
The paper elaborates, in a sublimated form, the most important open questions, dilemmas and controve...
This paper analyses the interaction between fiscal and monetary policy using the original Barro and ...
Selecting economic institutions, I will argue, may very well be, in most if not all countries, the m...
Abstract. Constitutional states, as a separate category of social structures, are progressively losi...
The development of a simple framework with optimizing agents and nominal rigidities is the point of ...
[Excerpt] The size and role of the government is one of the most fundamental and enduring debates in...
Visiting Bruegel Scholar Xavier Debrun discusses the role of fiscal institutions, including budget r...
2013-09-25There is much interest in the factors determining fiscal policy in order to explain existi...
Theory suggests that government should as far as possible smooth taxes and its recurrent consumption...
Fiscal Policy concerns the behavior of national governments, how they raise money in order to fund t...
This paper analyses the interaction between fiscal and monetary policy using the original Barro and ...
The latest generation of research into macroeconomic policy has turned from more technical aspects o...
The chapter argues for rules to coordinate monetary and fiscal policies. But the rules are rule like...
This paper develops two stylised models of the transitional economy that challenge to some extent, t...
The paper uses a dynamic inconsistency model known from monetary policy to assess three alternative ...
The paper elaborates, in a sublimated form, the most important open questions, dilemmas and controve...
This paper analyses the interaction between fiscal and monetary policy using the original Barro and ...
Selecting economic institutions, I will argue, may very well be, in most if not all countries, the m...
Abstract. Constitutional states, as a separate category of social structures, are progressively losi...
The development of a simple framework with optimizing agents and nominal rigidities is the point of ...
[Excerpt] The size and role of the government is one of the most fundamental and enduring debates in...
Visiting Bruegel Scholar Xavier Debrun discusses the role of fiscal institutions, including budget r...
2013-09-25There is much interest in the factors determining fiscal policy in order to explain existi...
Theory suggests that government should as far as possible smooth taxes and its recurrent consumption...
Fiscal Policy concerns the behavior of national governments, how they raise money in order to fund t...