Fiscal Dominance
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DOI: 10.20955/wp.2020.040
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References listed on IDEAS
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More about this item
Keywords
discretion; time-consistency; government debt; deficit; inflation; institutional design; political frictions; fiscal dominance; central bank independence; active vs passive policies; unpleasant monetarist arithmetic;All these keywords.
JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2020-11-16 (Central Banking)
- NEP-MAC-2020-11-16 (Macroeconomics)
- NEP-MON-2020-11-16 (Monetary Economics)
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