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Citations for "Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach"

by Pierpaolo Benigno & Michael Woodford

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  1. 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.
  2. repec:cbk:journl:v:2:y:2013:i:2:p:5-27 is not listed on IDEAS
  3. Günter Coenen & Giovanni Lombardo & Frank Smets & Roland Straub, 2007. "International Transmission and Monetary Policy Cooperation," NBER Chapters, National Bureau of Economic Research, Inc, in: International Dimensions of Monetary Policy, pages 157-192 National Bureau of Economic Research, Inc.
  4. 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.
  5. Richard Dennis, 2008. "Timeless perspective policymaking: When is discretion superior?," Working Paper Series, Federal Reserve Bank of San Francisco 2008-21, Federal Reserve Bank of San Francisco.
  6. Michel Juillard & Florian Pelgrin, 2007. "Computing Optimal Policy in a Timeless-Perspective: An Application to a Small-Open Economy," Working Papers, Bank of Canada 07-32, Bank of Canada.
  7. Faia, Ester & Monacelli, Tommaso, 2004. "Ramsey monetary policy and international relative prices," CFS Working Paper Series 2004/04, Center for Financial Studies (CFS).
  8. Ashvin Ahuja & Chanchai Peungchanchaikul & Nattha Piyagarn, 2004. "On monetary and fiscal policy mix over Thailand’s business cycles," Working Papers, Economic Research Department, Bank of Thailand 2004-06, Economic Research Department, Bank of Thailand.
  9. 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.
  10. Assaf Razin, 2004. "Aggregate Supply and Potential Output," Working Papers, Hong Kong Institute for Monetary Research 142004, Hong Kong Institute for Monetary Research.
  11. 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.
  12. Jonathan Portes & Simon Wren-Lewis, 2014. "Issues In The Design of Fiscal Policy Rules," Discussion Papers 1412, Centre for Macroeconomics (CFM).
  13. Tatiana Kirsanova & Mathan Satchi & David Vines & Simon Wren-Lewis, 2007. "Optimal Fiscal Policy Rules in a Monetary Union," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 39(7), pages 1759-1784, October.
  14. Ernst Schaumburg & Andrea Tambalotti, 2003. "An Investigation of the Gains from Commitment in Monetary Policy," Macroeconomics, EconWPA 0302004, EconWPA.
  15. Pierpaolo Benigno & Michael Woodford, 2008. "Linear-Quadratic Approximation of Optimal Policy Problems," Discussion Papers, Columbia University, Department of Economics 0809-01, Columbia University, Department of Economics.
  16. 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.
  17. Beetsma, Roel & Jensen, Henrik, 2003. "Mark-Up Fluctuations and Fiscal Policy Stabilization in a Monetary Union," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4020, C.E.P.R. Discussion Papers.
  18. 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.
  19. Acocella, Nicola & Di Bartolomeo, Giovanni & Tirelli, Patrizio, 2009. "The macroeconomics of social pacts," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 72(1), pages 202-213, October.
  20. 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.
  21. 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.
  22. Peter Claeys, 2005. "Policy mix and debt sustainability: evidence from fiscal policy rules," Economics Working Papers, European University Institute ECO2005/01, European University Institute.
  23. Paul Levine & Joseph Pearlman & Richard Pierse, 2006. "Linear-Quadratic Approximation, Efficiency and Target-Implementability," Computing in Economics and Finance 2006, Society for Computational Economics 441, Society for Computational Economics.
  24. 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.
  25. Huang, Haizhou & Wei, Shang-Jin, 2005. "Monetary Policies for Developing Countries: The Role of Institutional Quality," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4911, C.E.P.R. Discussion Papers.
  26. Pierpaolo Benigno & Michael Woodford, 2005. "Optimal inflation targeting under alternative fiscal regimes," Discussion Papers, Columbia University, Department of Economics 0506-09, Columbia University, Department of Economics.
  27. A. Schabert & L. v. Thadden, 2006. "Distortionary Taxation, Debt, and the Price Level," Computing in Economics and Finance 2006, Society for Computational Economics 75, Society for Computational Economics.
  28. 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.
  29. Michal Horvath, 2007. "Optimal Monetary and Fiscal Policy in an Economy with Non-Ricardian Agents," CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis 200703, Centre for Dynamic Macroeconomic Analysis, revised 15 May 2007.
  30. 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.
  31. Yuki Teranishi & Ippei Fujiwara & Naoko Hara, 2004. "The Japanese Economic Model: JEM," Econometric Society 2004 Far Eastern Meetings, Econometric Society 723, Econometric Society.
  32. Martin Melecky & Diego Rodríguez Palenzuela & Ulf Söderström, 2008. "Inflation Target Transparency and the Macroeconomy," Working Papers Central Bank of Chile, Central Bank of Chile 490, Central Bank of Chile.
  33. 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.
  34. 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.
  35. Nakajima, Tomoyuki, 2010. "Optimal monetary policy with imperfect unemployment insurance," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 34(3), pages 365-387, March.
  36. Leith, Campbell & Wren-Lewis, Simon, 2009. "Electoral Uncertainty and the Deficit Bias in a New Keynesian Economy," SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) 2009-08, Scottish Institute for Research in Economics (SIRE).
  37. Edda Zoli, 2005. "How does fiscal policy affect monetary policy in emerging market countries?," BIS Working Papers 174, Bank for International Settlements.
  38. 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.
  39. Adao, Bernardino & Correia, Maria Isabel Horta & Teles, Pedro, 2006. "On the Relevance of Exchange Rate Regimes for Stabilization Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5797, C.E.P.R. Discussion Papers.
  40. 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.
  41. 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.
  42. Yamin Ahmad, 2005. "Reconciling The Effects of Monetary Policy Actions on Consumption Within A Heterogeneous Agent Framework," Computing in Economics and Finance 2005, Society for Computational Economics 121, Society for Computational Economics.
  43. Himmels, Christoph & Kirsanova, Tatiana, 2013. "Escaping expectation traps: How much commitment is required?," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 37(3), pages 649-665.
  44. 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.
  45. Javier Gómez Pineda, . "Capital Flows and Monetary Policy," Borradores de Economia 395, Banco de la Republica de Colombia.
  46. Lombardo, Giovanni & Sutherland, Alan, 2005. "Computing second-order-accurate solutions for rational expectation models using linear solution methods," Working Paper Series, European Central Bank 0487, European Central Bank.
  47. Blake, Andrew P. & Kirsanova, Tatiana, 2004. "A note on timeless perspective policy design," Economics Letters, Elsevier, Elsevier, vol. 85(1), pages 9-16, October.
  48. 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.
  49. Ascari, Guido & Rankin, Neil, 2004. "Perpetual youth and endogenous labour supply: a problem and a possible solution," Working Paper Series, European Central Bank 0346, European Central Bank.
  50. Dennis, Richard, 2010. "When is discretion superior to timeless perspective policymaking?," Journal of Monetary Economics, Elsevier, Elsevier, vol. 57(3), pages 266-277, April.
  51. Oliver Grimm & Stefan Ried, 2007. "Macroeconomic Policy in a Heterogeneous Monetary Union," CER-ETH Economics working paper series, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich 07/67, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
  52. Pierpaolo Benigno & Michael Woodford, 2004. "Inflation stabilization and welfare: The case of a distorted steady state," Discussion Papers, Columbia University, Department of Economics 0405-04, Columbia University, Department of Economics.
  53. Gauti B. Eggertsson, 2006. "Was the New Deal contractionary?," Staff Reports, Federal Reserve Bank of New York 264, Federal Reserve Bank of New York.
  54. Montoro Carlos, 2007. "Oil Shocks and Optimal Monetary Policy," Working Papers, Banco Central de Reserva del Perú 2007-010, Banco Central de Reserva del Perú.
  55. 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.
  56. Stehn, Sven Jari & Vines, David, 2008. "Strategic Interactions between an Independent Central Bank and a Myopic Government with Government Debt," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6913, C.E.P.R. Discussion Papers.
  57. V. V. Chari & Patrick J. Kehoe, 2006. "Modern Macroeconomics in Practice: How Theory Is Shaping Policy," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 20(4), pages 3-28, Fall.
  58. Kirsanova, Tatiana & Satchi, Mathan & Vines, David, 2004. "Monetary Union: Fiscal Stabilization In The Face of Asymmetric Shocks," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4433, C.E.P.R. Discussion Papers.
  59. 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.
  60. Horvath, Michal, 2009. "The effects of government spending shocks on consumption under optimal stabilization," European Economic Review, Elsevier, Elsevier, vol. 53(7), pages 815-829, October.
  61. Pelin Berkmen, 2007. "Precautionary Monetary and Fiscal Policies," IMF Working Papers 07/30, International Monetary Fund.
  62. Christoph Himmels & Tatiana Kirsanova, 2011. "Expectations Traps and Monetary Policy with Limited Commitment," Discussion Papers, Exeter University, Department of Economics 1102, Exeter University, Department of Economics.
  63. Ferrero, Andrea, 2005. "Fiscal and monetary rules for a currency union," Working Paper Series, European Central Bank 0502, European Central Bank.
  64. Campbell Leith & Simon Wren-Lewis, 2005. " Fiscal Policy as a Stabilisation Device for an Open Economy Inside or Outside EMU," CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis 0506, Centre for Dynamic Macroeconomic Analysis.
  65. 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.
  66. 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.
  67. Schalck, Christophe, 2012. "Investigating heterogeneity in European fiscal behaviours," Research in Economics, Elsevier, Elsevier, vol. 66(4), pages 383-390.
  68. Pappa, Evi & Vassilatos, Vanghelis, 2007. "The unbearable tightness of being in a monetary union: Fiscal restrictions and regional stability," European Economic Review, Elsevier, Elsevier, vol. 51(6), pages 1492-1513, August.
  69. Cambell Leith & Simon Wren-Lewis, . " Electoral Uncertainty and the Deficit Bias in a New Keynesian Economy," CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis 0803, Centre for Dynamic Macroeconomic Analysis.
  70. 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, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(2), pages 461-474, 05.
  71. 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.
  72. International Monetary Fund, 2008. "Constraintson the Design and Implementation of Monetary Policy in Oil Economies," IMF Working Papers 08/142, International Monetary Fund.
  73. Mishkin, Frederic S., 2010. "Monetary policy flexibility, risk management, and financial disruptions," Journal of Asian Economics, Elsevier, Elsevier, vol. 21(3), pages 242-246, June.
  74. 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, Federal Reserve Bank of St. Louis, issue Sep, pages 613-626.
  75. Javier Guillermo Gómez, 2006. "Capital Flows and Monetary Policy," BORRADORES DE ECONOMIA 002097, BANCO DE LA REPÚBLICA.
  76. Leith, Campbell & Wren-Lewis, Simon, 2011. "Discretionary policy in a monetary union with sovereign debt," European Economic Review, Elsevier, Elsevier, vol. 55(1), pages 93-117, January.
  77. Di Bartolomeo Giovanni & Hughes Hallett Andrew & Acocella Nicola, 2008. "Policy games, policy neutrality and Tinbergen controllability under rational expectations," wp.comunite, Department of Communication, University of Teramo 0034, Department of Communication, University of Teramo.
  78. Peter Claeys & Raúl Ramos & Jordi Suriñach, 2008. "Fiscal sustainability across government tiers," International Economics and Economic Policy, Springer, Springer, vol. 5(1), pages 139-163, July.
  79. 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.
  80. Campbell Leith & Simon Wren-lewis, 2006. "The Costs of Fiscal Inflexibility," WEF Working Papers, ESRC World Economy and Finance Research Programme, Birkbeck, University of London 0005, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
  81. 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, Elsevier, vol. 31(C), pages 286-296.
  82. Leith, Campbell & Wren-Lewis, Simon, 2010. "Discretionary Policy in a Monetary Union with Sovereign Debt," SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) 2010-74, Scottish Institute for Research in Economics (SIRE).
  83. 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.
  84. 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.
  85. 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.
  86. 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.
  87. 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.
  88. Campbell Leith & Simon Wren-Lewis, 2005. "Fiscal Stabilization Policy and Fiscal Institutions," Oxford Review of Economic Policy, Oxford University Press, Oxford University Press, vol. 21(4), pages 584-597, Winter.
  89. van der Ploeg, Frederick, 2004. "Prudent Monetary Policy: Applications of Cautious LQG Control and Prediction," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4222, C.E.P.R. Discussion Papers.
  90. Robert Woods, 2004. "Fiscal Stabilisation and EMU," CESifo Working Paper Series 1338, CESifo Group Munich.
  91. Dimakou, Ourania, 2013. "Monetary and fiscal institutional designs," Journal of Comparative Economics, Elsevier, vol. 41(4), pages 1141-1166.
  92. 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, Department of Economics, University of Trento, Italia 0519, Department of Economics, University of Trento, Italia.
  93. Orlando Gomes, 2004. "A Second-Order Approximation to Technology Choices," GE, Growth, Math methods, EconWPA 0409007, EconWPA.
  94. Haizhou Huang & Shang-Jin Wei, 2003. "Monetary Policies for Developing Countries," IMF Working Papers 03/183, International Monetary Fund.
  95. 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.
  96. Evan Tanner & Kevin Joseph Carey, 2005. "The Perils of Tax Smoothing," IMF Working Papers 05/207, International Monetary Fund.
  97. Lombardo, Giovanni, 2004. "Inflation targeting rules and welfare in an asymmetric currency area," Discussion Paper Series 1: Economic Studies 2004,04, Deutsche Bundesbank, Research Centre.
  98. 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.
  99. Demirel, Ufuk Devrim, 2010. "Macroeconomic stabilization in developing economies: Are optimal policies procyclical?," European Economic Review, Elsevier, Elsevier, vol. 54(3), pages 409-428, April.
  100. 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, Money Macro and Finance Research Group 165, Money Macro and Finance Research Group.
  101. 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.
  102. Kurozumi, Takushi, 2010. "Distortionary taxation and interest rate policy," Journal of Macroeconomics, Elsevier, Elsevier, vol. 32(1), pages 476-491, March.