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Citations for "Optimal monetary and fiscal policy: a linear-quadratic approach"

by Benigno, Pierpaolo & Woodford, Michael

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  1. Andrea Ferrero, 2005. "Fiscal and Monetary Rules for a Currency Union," Macroeconomics, EconWPA 0508020, EconWPA.
  2. Ali, Syed Zahid & Anwar, Sajid, 2013. "Inflation and interest rates in the presence of a cost channel, wealth effect and agent heterogeneity," Economic Modelling, Elsevier, vol. 31(C), pages 286-296.
  3. Christoph Himmels & Tatiana Kirsanova, 2012. "Escaping Expectation Traps: How Much Commitment is Required?," Working Papers, Business School - Economics, University of Glasgow 2012_18, Business School - Economics, University of Glasgow.
  4. Christoph Himmels & Tatiana Kirsanova, 2011. "Expectations Traps and Monetary Policy with Limited Commitment," Discussion Papers 1102, Exeter University, Department of Economics.
  5. Beetsma, Roel & Jensen, Henrik, 2003. "Mark-Up Fluctuations and Fiscal Policy Stabilization in a Monetary Union," CEPR Discussion Papers 4020, C.E.P.R. Discussion Papers.
  6. Javier Guillermo Gómez, 2006. "Capital Flows and Monetary Policy," BORRADORES DE ECONOMIA 002097, BANCO DE LA REPÚBLICA.
  7. Sven Jari Stehn & David Vines, 2008. "Strategic Interactions Between An Independent Central Bank and a Myopic Government with Government Debt," IMF Working Papers 08/164, International Monetary Fund.
  8. Haizhou Huang & Shang-Jin Wei, 2003. "Monetary Policies for Developing Countries," IMF Working Papers 03/183, International Monetary Fund.
  9. Pelin Berkmen, 2007. "Precautionary Monetary and Fiscal Policies," IMF Working Papers 07/30, International Monetary Fund.
  10. Ascari, Guido & Rankin, Neil, 2007. "Perpetual youth and endogenous labor supply: A problem and a possible solution," Journal of Macroeconomics, Elsevier, Elsevier, vol. 29(4), pages 708-723, December.
  11. Acocella Nicola & Di Bartolomeo Giovanni & Tirelli Patrizio, 2007. "The macroeconomics of social pacts," wp.comunite 0028, Department of Communication, University of Teramo.
  12. Campbell Leith & Simon Wren-Lewis, 2006. "Fiscal Sustainability in a New Keynesian Model," Working Papers, Business School - Economics, University of Glasgow 2006_11, Business School - Economics, University of Glasgow, revised Nov 2008.
  13. Pappa, Evi & Vassilatos, Vanghelis, 2007. "The unbearable tightness of being in a monetary union: Fiscal restrictions and regional stability," European Economic Review, Elsevier, vol. 51(6), pages 1492-1513, August.
  14. Andrea Ferrero, 2012. "The Advantage of Flexible Targeting Rules," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 44(5), pages 863-881, 08.
  15. Richard Dennis, 2008. "Timeless perspective policymaking: When is discretion superior?," Working Paper Series 2008-21, Federal Reserve Bank of San Francisco.
  16. Lars E.O. Svensson, 2005. "Targeting versus instrument rules for monetary policy: what is wrong with McCallum and Nelson?," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 613-626.
  17. A. Schabert & L. v. Thadden, 2006. "Distortionary Taxation, Debt, and the Price Level," Computing in Economics and Finance 2006 75, Society for Computational Economics.
  18. Jean‐Marc Natal, 2012. "Monetary Policy Response to Oil Price Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 44(1), pages 53-101, 02.
  19. International Monetary Fund, 2008. "Constraintson the Design and Implementation of Monetary Policy in Oil Economies," IMF Working Papers 08/142, International Monetary Fund.
  20. Eric M. Leeper & Tack Yun, 2005. "Monetary-Fiscal Policy Interactions and the Price Level: Background and Beyond," NBER Working Papers 11646, National Bureau of Economic Research, Inc.
  21. Razin, Assaf, 2004. "Aggregate Supply and Potential Output," CEPR Discussion Papers 4295, C.E.P.R. Discussion Papers.
  22. Campbell Leith & Simon Wren-Lewis, 2006. "The Costs of Fiscal Inflexibility - Extended," Working Papers, Business School - Economics, University of Glasgow 2005_23, Business School - Economics, University of Glasgow.
  23. Peter Claeys, 2005. "Policy Mix and Debt Sustainability: Evidence from Fiscal Policy Rules," CESifo Working Paper Series 1406, CESifo Group Munich.
  24. Michal Horvath, 2007. "Optimal Monetary and Fiscal Policy in an Economy with Non-Ricardian Agents," CDMA Working Paper Series 200703, Centre for Dynamic Macroeconomic Analysis, revised 15 May 2007.
  25. Michael Woodford & Pierpaolo Benigno, 2004. "Inflation Stabilization and Welfare: The Case of a Distorted Steady State," 2004 Meeting Papers 481, Society for Economic Dynamics.
  26. Paul Levine & Joseph Pearlman & Richard Pierse, 2006. "Linear-Quadratic Approximation, Efficiency and Target-Implementability," Computing in Economics and Finance 2006 441, Society for Computational Economics.
  27. Rodriguez-Palenzuela, Diego & Camba-Méndez, Gonzalo & García, Juan Angel, 2003. "Relevant economic issues concerning the optimal rate of inflation," Working Paper Series, European Central Bank 0278, European Central Bank.
  28. Gauti B. Eggertsson, 2006. "Was the New Deal contractionary?," Staff Reports 264, Federal Reserve Bank of New York.
  29. Mayer, Eric & Stähler, Nikolai, 2009. "The debt brake: business cycle and welfare consequences of Germany's new fiscal policy rule," Discussion Paper Series 1: Economic Studies 2009,24, Deutsche Bundesbank, Research Centre.
  30. NAKAJIMA Tomoyuki, 2009. "Optimal Monetary Policy with Imperfect Unemployment Insurance," Discussion papers 09014, Research Institute of Economy, Trade and Industry (RIETI).
  31. Damir Šehović, 2013. "General Aspects of Monetary and Fiscal Policy Coordination," Journal of Central Banking Theory and Practice, Central bank of Montenegro, Central bank of Montenegro, vol. 2(3), pages 5-27.
  32. Campbell Leith & Simon Wren-Lewis, 2005. " Fiscal Policy as a Stabilisation Device for an Open Economy Inside or Outside EMU," CDMA Conference Paper Series 0506, Centre for Dynamic Macroeconomic Analysis.
  33. Evan Tanner & Kevin Joseph Carey, 2005. "The Perils of Tax Smoothing," IMF Working Papers 05/207, International Monetary Fund.
  34. Adao, Bernardino & Correia, Maria Isabel Horta & Teles, Pedro, 2006. "On the Relevance of Exchange Rate Regimes for Stabilization Policy," CEPR Discussion Papers 5797, C.E.P.R. Discussion Papers.
  35. Jukka Railavo, 2005. "Monetary Concequences of Alternative Fiscal Policy Rules," Computing in Economics and Finance 2005, Society for Computational Economics 145, Society for Computational Economics.
  36. Muscatelli, V. Anton & Tirelli, Patrizio & Trecroci, Carmine, 2004. "Fiscal and monetary policy interactions: Empirical evidence and optimal policy using a structural New-Keynesian model," Journal of Macroeconomics, Elsevier, Elsevier, vol. 26(2), pages 257-280, June.
  37. Tatiana Kirsanova & David Vines & Mathan Satchi & Simon Wren-Lewis, 2005. "Optimal Fiscal Policy Rules in a Monetary Union," Money Macro and Finance (MMF) Research Group Conference 2005 40, Money Macro and Finance Research Group.
  38. Benigno, Pierpaolo & Woodford, Michael, 2006. "Linear-Quadratic Approximation of Optimal Policy Problems," CEPR Discussion Papers 5964, C.E.P.R. Discussion Papers.
  39. Giovanni Lombardo & Alan Sutherland, 2005. " Computing Second-Order-Accurate Solutions for Rational Expectation Models Using Linear Solution Methods," CDMA Conference Paper Series 0504, Centre for Dynamic Macroeconomic Analysis.
  40. van der Ploeg, Frederick, 2009. "Prudent monetary policy and prediction of the output gap," Journal of Macroeconomics, Elsevier, Elsevier, vol. 31(2), pages 217-230, June.
  41. Aliya Algozhina, 2012. "Monetary and Fiscal Policy Interactions in an Emerging Open Economy: A Non-Ricardian DSGE Approach," CERGE-EI Working Papers wp476, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
  42. Schaumburg, Ernst & Tambalotti, Andrea, 2007. "An investigation of the gains from commitment in monetary policy," Journal of Monetary Economics, Elsevier, Elsevier, vol. 54(2), pages 302-324, March.
  43. Lipinska, Anna, 2008. "The Maastricht Criteria and Optimal Monetary and Fiscal Policy Mix for the EMU Accession Countries," MPRA Paper 16376, University Library of Munich, Germany.
  44. Simon Wren-Lewis & Jonathan Portes, 2014. "Issues in the Design of Fiscal Policy Rules," Economics Series Working Papers 704, University of Oxford, Department of Economics.
  45. Patrick Kehoe & Varadarajan V. Chari, 2006. "Modern Macroeconomics in Practice: How Theory is Shaping Policy," NBER Working Papers 12476, National Bureau of Economic Research, Inc.
  46. Faia, Ester & Monacelli, Tommaso, 2004. "Ramsey monetary policy and international relative prices," CFS Working Paper Series 2004/04, Center for Financial Studies (CFS).
  47. Fujiwara, Ippei & Hara, Naoko & Hirose, Yasuo & Teranishi, Yuki, 2005. "The Japanese Economic Model (JEM)," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, Institute for Monetary and Economic Studies, Bank of Japan, vol. 23(2), pages 61-142, May.
  48. Montoro, Carlos, 2012. "Oil Shocks And Optimal Monetary Policy," Macroeconomic Dynamics, Cambridge University Press, Cambridge University Press, vol. 16(02), pages 240-277, April.
  49. Campbell Leith & Simon Wren-Lewis, 2010. "Discretionary policy in a monetary union with sovereign debt," Working Papers, Business School - Economics, University of Glasgow 2010_23, Business School - Economics, University of Glasgow.
  50. Berriel, Tiago & Sinigaglia, Daniel, 2008. "Optimal Fiscal and Monetary Policy under Sectorial Heterogeneity," MPRA Paper 10233, University Library of Munich, Germany, revised 25 Jun 2008.
  51. Melecky, Martin & Rodrıguez Palenzuela, Diego & Soderstrom, Ulf, 2008. "Inflation Target Transparency and the Macroeconomy," MPRA Paper 10545, University Library of Munich, Germany.
  52. Yamin Ahmad, 2004. "Reconciling the Effects of Monetary Policy Actions on Consumption Within a Heterogeneous Agent Framework," Working Papers 05-02, UW-Whitewater, Department of Economics, revised Jul 2006.
  53. Horvath Michal, 2011. "Alternative Perspectives on Optimal Public Debt Adjustment," The B.E. Journal of Macroeconomics, De Gruyter, De Gruyter, vol. 11(1), pages 1-22, November.
  54. Edoardo Gaffeo & Giuliana Passamani & Roberto Tamborini, 2005. "Fiscal and monetary policy, unfortunate events, and the SGP arithmetics - Evidence from a growth-gaps model," Department of Economics Working Papers 0519, Department of Economics, University of Trento, Italia.
  55. repec:cbk:journl:v:2:y:2013:i:2:p:5-27 is not listed on IDEAS
  56. Lars E.O. Svensson, 2004. "Targeting Rules vs. Instrument Rules for Monetary Policy: What is Wrong with McCallum and Nelson?," NBER Working Papers 10747, National Bureau of Economic Research, Inc.
  57. V. Anton Muscatelli & Patrizio Tirelli, 2004. "Analyzing the Interaction of Monetary and Fiscal Policy: Does Fiscal Policy Play a Valuable Role in Stabilisation?," Working Papers, Business School - Economics, University of Glasgow 2005_17, Business School - Economics, University of Glasgow, revised Jun 2005.
  58. Horvath, Michal, 2009. "The effects of government spending shocks on consumption under optimal stabilization," European Economic Review, Elsevier, vol. 53(7), pages 815-829, October.
  59. Campbell Leith & Simon Wren-Lewis, 2005. "Fiscal Stabilization Policy and Fiscal Institutions," Oxford Review of Economic Policy, Oxford University Press, vol. 21(4), pages 584-597, Winter.
  60. Lombardo, Giovanni, 2006. "Inflation targeting rules and welfare in an asymmetric currency area," Journal of International Economics, Elsevier, vol. 68(2), pages 424-442, March.
  61. Peter Claeys & Raúl Ramos & Jordi Suriñach, 2008. "Fiscal sustainability across government tiers," International Economics and Economic Policy, Springer, vol. 5(1), pages 139-163, July.
  62. Celsa Machado & Ana Paula Ribeiro, 2011. "Stabilization Constraints from different-average Public Debt Levels in a Monetary Union with Country-size Asymmetry," EcoMod2011 3152, EcoMod.
  63. Hallett, Andrew Hughes & Acocella, Nicola & Di Bartolomeo, Giovanni, 2010. "Policy games, policy neutrality and Tinbergen controllability under rational expectations," Journal of Macroeconomics, Elsevier, Elsevier, vol. 32(1), pages 55-67, March.
  64. Matthew Canzoneri, 2007. "Coordination of Monetary and Fiscal Policy in a Monetary Union: Policy Issues & Analytical Models," Money Macro and Finance (MMF) Research Group Conference 2006 165, Money Macro and Finance Research Group.
  65. Leonor Coutinho, 2008. "Fiscal Policy and Macroeconomic Stabilizations: What are the Gains from Cooperation?," Open Economies Review, Springer, Springer, vol. 19(1), pages 81-120, February.
  66. Pierpaolo Benigno & Michael Woodford, 2007. "Optimal Inflation Targeting under Alternative Fiscal Regimes," Central Banking, Analysis, and Economic Policies Book Series, in: Frederic S. Miskin & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Se (ed.), Monetary Policy under Inflation Targeting, edition 1, volume 11, chapter 3, pages 037-075 Central Bank of Chile.
  67. Ludger Linnemann & Andreas Schabert, 2010. "Debt Nonneutrality, Policy Interactions, And Macroeconomic Stability," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(2), pages 461-474, 05.
  68. Alexander Mihailov & Katrin Ullrich, 2008. "Independence and Accountability of Monetary and Fiscal Policy Committees," Economics & Management Discussion Papers, Henley Business School, Reading University em-dp2008-72, Henley Business School, Reading University.
  69. Michel Juillard & Florian Pelgrin, 2007. "Computing Optimal Policy in a Timeless-Perspective: An Application to a Small-Open Economy," Working Papers 07-32, Bank of Canada.
  70. Blake, Andrew P. & Kirsanova, Tatiana, 2004. "A note on timeless perspective policy design," Economics Letters, Elsevier, vol. 85(1), pages 9-16, October.
  71. V. Anton Muscatelli & Tiziano Ropele & Patrizio Tirelli, 2004. "Macroeconomic Adjustment in the Euro-area: The Role of Fiscal Policy," Working Papers, Business School - Economics, University of Glasgow 2005_20, Business School - Economics, University of Glasgow, revised May 2005.
  72. Dennis, Richard, 2010. "When is discretion superior to timeless perspective policymaking?," Journal of Monetary Economics, Elsevier, Elsevier, vol. 57(3), pages 266-277, April.
  73. Levine, Paul & Pearlman, Joseph & Pierse, Richard, 2008. "Linear-quadratic approximation, external habit and targeting rules," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 32(10), pages 3315-3349, October.
  74. Oliver Grimm & Stefan Ried, 2007. "Macroeconomic Policy in a Heterogeneous Monetary Union," CER-ETH Economics working paper series 07/67, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
  75. Huang, Haizhou & Wei, Shang-Jin, 2006. "Monetary policies for developing countries: The role of institutional quality," Journal of International Economics, Elsevier, vol. 70(1), pages 239-252, September.
  76. Coenen, Günter & Lombardo, Giovanni & Smets, Frank & Straub, Roland, 2008. "International transmission and monetary policy cooperation," Working Paper Series, European Central Bank 0858, European Central Bank.
  77. Campbell Leith & Simon Wren-Lewis, 2008. "Electoral uncertainty and the deficit bias in a New Keynesian Economy," Working Papers, Business School - Economics, University of Glasgow 2009_11, Business School - Economics, University of Glasgow, revised Feb 2009.
  78. 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.
  79. Schalck, Christophe, 2012. "Investigating heterogeneity in European fiscal behaviours," Research in Economics, Elsevier, Elsevier, vol. 66(4), pages 383-390.
  80. Ashvin Ahuja & Chanchai Peungchanchaikul & Nattha Piyagarn, 2004. "On monetary and fiscal policy mix over Thailand’s business cycles," Working Papers 2004-06, Economic Research Department, Bank of Thailand.
  81. Andrew Blake & Tatiana Kirsanova, 2004. "Non-cooperative Monetary and Fiscal Policy: The Value of Leadership," Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group 84, Money Macro and Finance Research Group.
  82. Cambell Leith & Simon Wren-Lewis, . " Electoral Uncertainty and the Deficit Bias in a New Keynesian Economy," CDMA Conference Paper Series 0803, Centre for Dynamic Macroeconomic Analysis.
  83. Matthew B. Canzoneri & Robert E. Cumby & Behzad T. Diba, 2004. "The Cost of Nominal Inertia in NNS Models," NBER Working Papers 10889, National Bureau of Economic Research, Inc.
  84. Kirsanova, Tatiana & Satchi, Mathan & Vines, David, 2004. "Monetary Union: Fiscal Stabilization In The Face of Asymmetric Shocks," CEPR Discussion Papers 4433, C.E.P.R. Discussion Papers.
  85. Gabriele Galati & John Lewis & Steven Poelhekke & Chen Zhou, 2011. "Have market views on the sustainability of fiscal burdens influenced monetary authorities' credibility?," DNB Working Papers, Netherlands Central Bank, Research Department 304, Netherlands Central Bank, Research Department.
  86. Orlando Gomes, 2004. "A Second-Order Approximation to Technology Choices," GE, Growth, Math methods, EconWPA 0409007, EconWPA.
  87. Demirel, Ufuk Devrim, 2010. "Macroeconomic stabilization in developing economies: Are optimal policies procyclical?," European Economic Review, Elsevier, vol. 54(3), pages 409-428, April.
  88. Robert Woods, 2004. "Fiscal Stabilisation and EMU," CESifo Working Paper Series 1338, CESifo Group Munich.
  89. Kurozumi, Takushi, 2010. "Distortionary taxation and interest rate policy," Journal of Macroeconomics, Elsevier, Elsevier, vol. 32(1), pages 476-491, March.
  90. Guay C. Lim & Paul D. McNelis, 2005. "Real Exchange Rate and Current Account Dynamics with Sticky Prices and Distortionary Taxes," DNB Working Papers, Netherlands Central Bank, Research Department 056, Netherlands Central Bank, Research Department.
  91. Javier Gómez Pineda, . "Capital Flows and Monetary Policy," Borradores de Economia 395, Banco de la Republica de Colombia.
  92. Sinigaglia, Daniel, 2008. "Stabilizing Inflation under Heterogeneity: a welfare-based measure on what to target," MPRA Paper 10569, University Library of Munich, Germany, revised 16 Sep 2008.
  93. Matthew Canzoneri & Robert Cumby & Behzad Diba & Olena Mykhaylova, 2006. "New Keynesian Explanations of Cyclical Movements in Aggregate Inflation and Regional Inflation Differentials," Open Economies Review, Springer, Springer, vol. 17(1), pages 27-55, January.
  94. Edda Zoli, 2005. "How does fiscal policy affect monetary policy in emerging market countries?," BIS Working Papers 174, Bank for International Settlements.
  95. Frederick van der Ploeg, 2007. "Prudent Monetary Policy and Cautious Prediction of the Output Gap," Economics Working Papers, European University Institute ECO2007/40, European University Institute.
  96. Haizhou Huang & Shang-Jin Wei, 2003. "Monetary Policies for Developing Countries: The Role of Corruption," NBER Working Papers 10093, National Bureau of Economic Research, Inc.
  97. Berriel, Tiago & Sinigaglia, Daniel, 2008. "Technical Appendix to "Optimal Fiscal and Monetary Policy under Sectorial Heterogeneity"," MPRA Paper 10234, University Library of Munich, Germany, revised 25 Jun 2008.
  98. Mishkin, Frederic S., 2010. "Monetary policy flexibility, risk management, and financial disruptions," Journal of Asian Economics, Elsevier, vol. 21(3), pages 242-246, June.
  99. van der Ploeg, Frederick, 2004. "Prudent Monetary Policy: Applications of Cautious LQG Control and Prediction," CEPR Discussion Papers 4222, C.E.P.R. Discussion Papers.
  100. Dimakou, Ourania, 2013. "Monetary and fiscal institutional designs," Journal of Comparative Economics, Elsevier, vol. 41(4), pages 1141-1166.