All politics is local: The effect of fiscal and monetary constitutions on economic policy
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Grier, Kevin B & Neiman, Howard E, 1987. "Deficits, Politics and Money Growth," Economic Inquiry, Western Economic Association International, vol. 25(2), pages 201-214, April.
- Roberds, William & Whiteman, Charles H, 1992.
"Monetary Aggregates as Monetary Targets: A Statistical Investigation,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 24(2), pages 141-161, May.
- William Roberds & Charles H. Whiteman, 1990. "Monetary aggregates as monetary targets: a statistical investigation," FRB Atlanta Working Paper 90-7, Federal Reserve Bank of Atlanta.
- Lombra, Raymond E., 1994. "Modeling changes in monetary policy regimes," Journal of Macroeconomics, Elsevier, vol. 16(4), pages 671-682.
- Bradley, Michael D & Potter, Susan M, 1986. "The State of the Federal Budget and the State of the Economy: Further Evidence," Economic Inquiry, Western Economic Association International, vol. 24(1), pages 143-153, January.
- Bernanke, Ben S & Blinder, Alan S, 1992.
"The Federal Funds Rate and the Channels of Monetary Transmission,"
American Economic Review, American Economic Association, vol. 82(4), pages 901-921, September.
- Ben S. Bernanke & Alan S. Blinder, 1989. "The federal funds rate and the channels of monetary transmission," Working Papers 89-10, Federal Reserve Bank of Philadelphia.
- Ben Bernanke, 1990. "The Federal Funds Rate and the Channels of Monetary Transnission," NBER Working Papers 3487, National Bureau of Economic Research, Inc.
- Abrams, Richard K & Froyen, Richard & Waud, Roger N, 1983. "The State of the Federal Budget and the State of the Economy," Economic Inquiry, Western Economic Association International, vol. 21(4), pages 485-503, October.
- John B. Carlson & Jean M. McIntire & James B. Thomson, 1995. "Federal funds futures as an indicator of future monetary policy: a primer," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 20-30.
- Boyes, William J & Mounts, William Stewart & Sowell, Clifford, 1988. "The Federal Reserve as a Bureaucracy: An Examination of Expense-Preference Behavior," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(2), pages 181-190, May.
- Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
- Janet Pack, 1988. "The Congress and fiscal policy," Public Choice, Springer, vol. 58(2), pages 101-122, August.
- McMillin, W Douglas, 1986. "Federal Deficits, Macrostabilization Goals, and Federal Reserve Behavior," Economic Inquiry, Western Economic Association International, vol. 24(2), pages 257-269, April.
- Mounts, Wm. Jr. & Sowell, Clifford, 1995. "A statistical note on possible institutional regimes in budget policy," Journal of Macroeconomics, Elsevier, vol. 17(1), pages 149-160.
- Toma, Mark, 1982. "Inflationary bias of the Federal Reserve System : A bureaucratic perspective," Journal of Monetary Economics, Elsevier, vol. 10(2), pages 163-190.
- Janet Pack, 1987. "The political policy cycle: Presidential effort vs. presidential control," Public Choice, Springer, vol. 54(3), pages 231-259, August.
- Havrilesky, Thomas, 1988. "Monetary Policy Signaling from the Administration to the Federal Reserve," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(1), pages 83-101, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Mounts, Wm. Jr. & Sowell, Clifford, 1995. "A statistical note on possible institutional regimes in budget policy," Journal of Macroeconomics, Elsevier, vol. 17(1), pages 149-160.
- Salter, Alexander W. & Smith, Daniel J., 2019. "Political economists or political economists? The role of political environments in the formation of fed policy under burns, Greenspan, and Bernanke," The Quarterly Review of Economics and Finance, Elsevier, vol. 71(C), pages 1-13.
- Christiano, Lawrence J. & Eichenbaum, Martin & Evans, Charles L., 1999.
"Monetary policy shocks: What have we learned and to what end?,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 2, pages 65-148,
Elsevier.
- Lawrence J. Christiano & Martin S. Eichenbaum & Charles L. Evans, 1997. "Monetary policy shocks: what have we learned and to what end?," Working Paper Series, Macroeconomic Issues WP-97-18, Federal Reserve Bank of Chicago.
- Lawrence J. Christiano & Martin Eichenbaum & Charles L. Evans, 1998. "Monetary Policy Shocks: What Have We Learned and to What End?," NBER Working Papers 6400, National Bureau of Economic Research, Inc.
- Ruby Kishan & Timothy Opiela, 2000. "Further evidence on monetary and fiscal policy coordination," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 6(4), pages 672-685, November.
- Arora, Harjit K. & Smyth, David J., 1995. "Presidential regimes and the federal reserve's accommodation of federal budget deficits," The North American Journal of Economics and Finance, Elsevier, vol. 6(1), pages 53-63.
- Evans, Charles L. & Marshall, David A., 2007.
"Economic determinants of the nominal treasury yield curve,"
Journal of Monetary Economics, Elsevier, vol. 54(7), pages 1986-2003, October.
- Charles L. Evans & David A. Marshall, 2001. "Economic determinants of the nominal treasury yield curve," Working Paper Series WP-01-16, Federal Reserve Bank of Chicago.
- Francisco de Castro, 2006.
"The macroeconomic effects of fiscal policy in Spain,"
Applied Economics, Taylor & Francis Journals, vol. 38(8), pages 913-924.
- Francisco de Castro, 2003. "The macroeconomic effects of fiscal policy in Spain," Working Papers 0311, Banco de España.
- Agiakloglou, Christos & Gkouvakis, Michail, 2015. "Causal interrelations among market fundamentals: Evidence from the European Telecommunications sector," The Quarterly Review of Economics and Finance, Elsevier, vol. 55(C), pages 150-159.
- Jose A. Zabala & Maria A. Prats, 2020. "The unconventional monetary policy of the European Central Bank: Effectiveness and transmission analysis," The World Economy, Wiley Blackwell, vol. 43(3), pages 794-809, March.
- Virginie Coudert & Benoît Mojon, 1997. "Asymétries financières et transmission de la politique monétaire en Europe," Économie et Prévision, Programme National Persée, vol. 128(2), pages 41-60.
- Dickinson, David & Liu, Jia, 2007. "The real effects of monetary policy in China: An empirical analysis," China Economic Review, Elsevier, vol. 18(1), pages 87-111.
- Gordon, David B & Leeper, Eric M, 1994.
"The Dynamic Impacts of Monetary Policy: An Exercise in Tentative Identification,"
Journal of Political Economy, University of Chicago Press, vol. 102(6), pages 1228-1247, December.
- David B. Gordon & Eric M. Leeper, 1992. "The dynamic impacts of monetary policy: an exercise in tentative identification," FRB Atlanta Working Paper 92-13, Federal Reserve Bank of Atlanta.
- David B. Gordon & Eric M. Leeper, 1993. "The dynamic impacts of monetary policy: an exercise in tentative identification," FRB Atlanta Working Paper 93-5, Federal Reserve Bank of Atlanta.
- Gert Peersman, 2005.
"What caused the early millennium slowdown? Evidence based on vector autoregressions,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(2), pages 185-207.
- Gert Peersman, 2005. "What caused the early millennium slowdown? Evidence based on vector autoregressions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(2), pages 185-207.
- Peersman, Gert, 2003. "What Caused the Early Millennium Slowdown? Evidence Based on Vector Autoregressions," CEPR Discussion Papers 4087, C.E.P.R. Discussion Papers.
- G. Peersman, 2004. "What caused the early millennium slowdown? Evidence based on vector autoregressions," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 04/235, Ghent University, Faculty of Economics and Business Administration.
- Gert Peersman, 2005. "What caused the early millennium slowdown? Evidence based on vector autoregressions," Bank of England working papers 272, Bank of England.
- Andrés Felipe Londoño & Jorge Andrés Tamayo & Carlos Alberto Velásquez, 2012.
"Dinámica de la política monetaria e inflación objetivo en Colombia: una aproximación FAVAR,"
Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 30(68), pages 14-71, June.
- Andrés Felipe Londono & Jorge Andrés Tamayo & Carlos Alberto Velásquez, 2012. "Dinámica de la política monetaria e inflación objetivo en Colombia: una aproximación FAVAR," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 30(68), pages 14-71, June.
- Claus Brand & Nuno Cassola, 2004.
"A money demand system for euro area M3,"
Applied Economics, Taylor & Francis Journals, vol. 36(8), pages 817-838.
- Brand, Claus & Cassola, Nuno, 2000. "A money demand system for euro area M3," Working Paper Series 39, European Central Bank.
- Alexandros Kontonikas & Alexandros Kostakis, 2013.
"On Monetary Policy and Stock Market Anomalies,"
Journal of Business Finance & Accounting, Wiley Blackwell, vol. 40(7-8), pages 1009-1042, September.
- Kontonikas, Alexandros & Kostakis, Alexandros, 2010. "On monetary policy and stock market anomalies," SIRE Discussion Papers 2010-103, Scottish Institute for Research in Economics (SIRE).
- Alexandros Kontonikas & Alexandros Kostakis, 2010. "On monetary policy and stock market anomalies," Working Papers 2010_29, Business School - Economics, University of Glasgow.
- Ben S. Bernanke & Mark Gertler & Mark Watson, 1997.
"Systematic Monetary Policy and the Effects of Oil Price Shocks,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(1), pages 91-157.
- Ben S. Bernanke & Mark Gertler & Mark W. Watson, 1997. "Systematic Monetary Policy and the Effects of Oil Price Shocks," Working Papers 1997-1, Princeton University. Economics Department..
- Bernanke, Ben S. & Gertler, Mark & Waston, Mark, 1997. "Systematic Monetary Policy and the Effects of Oil Price Shocks," Working Papers 97-25, C.V. Starr Center for Applied Economics, New York University.
- Nakaota, Hiroshi & Fukuta, Yuichi, 2013. "The leading indicator property of the term spread and the monetary policy factors in Japan," Japan and the World Economy, Elsevier, vol. 28(C), pages 85-98.
- Marek Rusnak & Tomas Havranek & Roman Horvath, 2013.
"How to Solve the Price Puzzle? A Meta-Analysis,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(1), pages 37-70, February.
- Marek Rusnak & Tomas Havranek & Roman Horvath, 2013. "How to Solve the Price Puzzle? A Meta‐Analysis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(1), pages 37-70, February.
- Marek Rusnák & Tomáš Havránek & Roman Horváth, 2011. "How to Solve the Price Puzzle? A Meta-Analysis," Working Papers IES 2011/24, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2011.
- Marek Rusnak & Tomas Havranek & Roman Horvath, 2011. "How to Solve the Price Puzzle? A Meta-Analysis," CERGE-EI Working Papers wp446, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Marek Rusnak & Tomas Havranek & Roman Horvath, 2011. "How to Solve the Price Puzzle? A Meta-Analysis," Working Papers 2011/02, Czech National Bank.
- AlShawa, Alaa Kamal, 1999. "Identifying the effects of monetary policy shocks on the farm sector," ISU General Staff Papers 1999010108000013546, Iowa State University, Department of Economics.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jmacro:v:18:y:1996:i:4:p:657-678. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622617 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.