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Optimal monetary policy when lump-sum taxes are unavailable: A reconsideration of the outcomes under commitment and discretion

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Ellison, Martin
Rankin, Neil

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Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 31 (2007)
Issue (Month): 1 (January)
Pages: 219-243
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Handle: RePEc:eee:dyncon:v:31:y:2007:i:1:p:219-243

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  1. Campbell Leith & Simon Wren-Lewis, 2007. "Fiscal Sustainability in a New Keynesian Model," Economics Series Working Papers 310, University of Oxford, Department of Economics. [Downloadable!]
    Other versions:
  2. Davide Debortoli & Ricardo Nunes, 2008. "Political disagreement, lack of commitment and the level of debt," International Finance Discussion Papers 938, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  3. Javier Diaz-Gimenez & Giorgia Giovannetti & Ramon Marimon & Pedro Teles, 2008. "Nominal Debt as a Burden on Monetary Policy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(3), pages 493-514, July. [Downloadable!] (restricted)
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  4. Campbell Leith & Simon Wren-lewis, 2006. "The Costs of Fiscal Inflexibility," WEF Working Papers 0005, ESRC World Economy and Finance Research Programme, Birkbeck, University of London. [Downloadable!]
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