Central Bank independence and public debt policy
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Beetsma, Roel M. W. J. & Bovenberg, A. Lans, 1997. "Central bank independence and public debt policy," Journal of Economic Dynamics and Control, Elsevier, vol. 21(4-5), pages 873-894, May.
References listed on IDEAS
- Kenneth Rogoff, 1985. "The Optimal Degree of Commitment to an Intermediate Monetary Target," The Quarterly Journal of Economics, Oxford University Press, vol. 100(4), pages 1169-1189.
- Canzoneri, Matthew B, 1985.
"Monetary Policy Games and the Role of Private Information,"
American Economic Review, American Economic Association, vol. 75(5), pages 1056-1070, December.
- Matthew B. Canzoneri, 1983. "Monetary policy games and the role of private information," International Finance Discussion Papers 249, Board of Governors of the Federal Reserve System (U.S.).
- Barro, Robert J. & Gordon, David B., 1983.
"Rules, discretion and reputation in a model of monetary policy,"
Journal of Monetary Economics, Elsevier, vol. 12(1), pages 101-121.
- Robert J. Barro & David B. Gordon, 1983. "Rules, Discretion and Reputation in a Model of Monetary Policy," NBER Working Papers 1079, National Bureau of Economic Research, Inc.
- Levine, Paul & Brociner, Andrew, 1994.
"Fiscal policy coordination and EMU : A dynamic game approach,"
Journal of Economic Dynamics and Control, Elsevier, vol. 18(3-4), pages 699-729.
- Brociner, Andrew & Levine, Paul L, 1992. "Fiscal Policy Coordination and EMU: A Dynamic Game Approach," CEPR Discussion Papers 639, C.E.P.R. Discussion Papers.
- Jensen, Henrik, 1994. "Loss of monetary discretion in a simple dynamic policy game," Journal of Economic Dynamics and Control, Elsevier, vol. 18(3-4), pages 763-779.
- Torsten Persson & Lars E. O. Svensson, 1989. "Why a Stubborn Conservative would Run a Deficit: Policy with Time-Inconsistent Preferences," The Quarterly Journal of Economics, Oxford University Press, vol. 104(2), pages 325-345.
- Maurice Obstfeld, 1989.
"Dynamic Seigniorage Theory: An Exploration,"
NBER Working Papers
2869, National Bureau of Economic Research, Inc.
- Maurice Obstfeld and ., 1997. "Dynamic Seigniorage Theory: An Exploration," Center for International and Development Economics Research (CIDER) Working Papers C97-085, University of California at Berkeley.
- Obstfeld, Maurice, 1997. "Dynamic Seigniorage Theory: An Exploration," Center for International and Development Economics Research (CIDER) Working Papers 233606, University of California-Berkeley, Department of Economics.
- Obstfeld, Maurice, 1997. "Dynamic Seigniorage Theory: An Exploration," Department of Economics, Working Paper Series qt712610vq, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Obstfeld, Maurice, 1991. "Dynamic Seigniorage Theory: An Exploration," CEPR Discussion Papers 519, C.E.P.R. Discussion Papers.
- Jay Bryson & Henrik Jensen & David Hoose, 1993. "Rules, discretion, and international monetary and fiscal policy coordination," Open Economies Review, Springer, vol. 4(2), pages 117-132, June.
- Thomas J. Sargent & Neil Wallace, 1981. "Some unpleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 5(Fall).
- Obstfeld, Maurice, 1991.
"A model of currency depreciation and the debt-inflation spiral,"
Journal of Economic Dynamics and Control, Elsevier, vol. 15(1), pages 151-177.
- Obstfeld, Maurice, 1990. "A Model of Currency Depreciation and the Debt-Inflation Spiral," CEPR Discussion Papers 431, C.E.P.R. Discussion Papers.
- Alberto Alesina & Guido Tabellini, 1990.
"A Positive Theory of Fiscal Deficits and Government Debt,"
Review of Economic Studies, Oxford University Press, vol. 57(3), pages 403-414.
- Tabellini, Guido & Alesina, Alberto, 1990. "A Positive Theory of Fiscal Deficits and Government Debt," Scholarly Articles 3612769, Harvard University Department of Economics.
- Thomas Krichel & Paul Levine & Joseph Pearlman, 1996.
"Fiscal and monetary policy in a monetary union: Credible inflation targets or monetized debt?,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 132(1), pages 28-54, March.
- Thomas Krichel & Paul Levine & Joseph Pearlman, 1994. "Fiscal and Monetary Policy in a Monetary Union: Credible Inflation Targets or Monetised Debt?," School of Economics Discussion Papers 9403, School of Economics, University of Surrey.
- Tabellini, Guido, 1986. "Money, debt and deficits in a dynamic game," Journal of Economic Dynamics and Control, Elsevier, vol. 10(4), pages 427-442, December.
- Levine, Paul L & Pearlman, Joseph, 1992. "Fiscal and Monetary Policy Under EMU: Credible Inflation Targets or Unpleasant Monetary Arithmetic?," CEPR Discussion Papers 701, C.E.P.R. Discussion Papers.
- Guy Debelle & Stanley Fischer, 1994.
"How independent should a central bank be?,"
Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 38, pages 195-225.
- Guy Debelle & Stanley Fischer, 1994. "How independent should a central bank be?," Working Papers in Applied Economic Theory 94-05, Federal Reserve Bank of San Francisco.
- Jay Bryson, 1994. "Macroeconomic stabilization through monetary and fiscal policy coordination: Implications for European Monetary Union," Open Economies Review, Springer, vol. 5(4), pages 307-326, October.
- Cukierman, Alex & Edwards, Sebastian & Tabellini, Guido, 1992.
"Seigniorage and Political Instability,"
American Economic Review, American Economic Association, vol. 82(3), pages 537-555, June.
- Alex Cukierman & Sebastian Edwards & Guido Tabellini, 1989. "Seigniorage and Political Instability," NBER Working Papers 3199, National Bureau of Economic Research, Inc.
- Levine, Paul, 1993. "Fiscal Policy Co-ordination under EMU and the Choice of Monetary Instrument," The Manchester School of Economic & Social Studies, University of Manchester, vol. 61(0), pages 1-12, Suppl..
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.- Beetsma, Roel M. W. J. & Bovenberg, A. Lans, 1999.
"Does monetary unification lead to excessive debt accumulation?,"
Journal of Public Economics, Elsevier, vol. 74(3), pages 299-325, December.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "Does monetary unification lead to excessive debt accumulation," Discussion Paper 1995-112, Tilburg University, Center for Economic Research.
- Beetsma, Roel & Bovenberg, A Lans, 1995. "Does Monetary Unification Lead to Excessive Debt Accumulation?," CEPR Discussion Papers 1299, C.E.P.R. Discussion Papers.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "Does monetary unification lead to excessive debt accumulation," Other publications TiSEM c0486475-38f7-41fb-9121-1, Tilburg University, School of Economics and Management.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "Does Monetary Unification Lead to Excessive Debt Accumulation?," DELTA Working Papers 95-23, DELTA (Ecole normale supérieure).
- Beetsma, R. & Bovenberg, A.L., 1995. "The role of public debt in the game of double chicken," Research Memorandum 025, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Beetsma, Roel M. W. J. & Lans Bovenberg, A., 1997.
"Designing fiscal and monetary institutions in a second-best world,"
European Journal of Political Economy, Elsevier, vol. 13(1), pages 53-79, February.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "Designing fiscal and monetary institutions in a second-best world," Discussion Paper 1995-47, Tilburg University, Center for Economic Research.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "Designing fiscal and monetary institutions in a second-best world," Other publications TiSEM 0fbf1a55-e07a-447c-8995-3, Tilburg University, School of Economics and Management.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1997. "Designing fiscal and monetary institutions in a second best world," Other publications TiSEM 9cf95e79-e382-4268-8e4d-c, Tilburg University, School of Economics and Management.
- Beetsma, Roel M W J & Bovenberg, A Lans, 2000.
"Designing Fiscal and Monetary Institutions for a European Monetary Union,"
Public Choice, Springer, vol. 102(3-4), pages 247-269, March.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "Designing fiscal and monetary institutions for a European Monetary Union," Other publications TiSEM a1a4b258-b57a-4bce-8278-8, Tilburg University, School of Economics and Management.
- Beetsma, R. & Bovenberg, A.L., 1996. "Designing fiscal and monetary institutions for a European Monetary Union," Research Memorandum 005, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Beetsma, Roel & Bovenberg, A Lans, 1995. "Designing Fiscal and Monetary Institutions for a European Monetary Union," CEPR Discussion Papers 1303, C.E.P.R. Discussion Papers.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "Designing fiscal and monetary institutions for a European Monetary Union," Discussion Paper 1995-58, Tilburg University, Center for Economic Research.
- Beetsma, Roel M. W. J. & Lans Bovenberg, A., 1998.
"Monetary union without fiscal coordination may discipline policymakers,"
Journal of International Economics, Elsevier, vol. 45(2), pages 239-258, August.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "Monetary union without fiscal coordination may discipline policymakers," Other publications TiSEM 004d10de-12f0-4be1-9a7f-d, Tilburg University, School of Economics and Management.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "Monetary union without fiscal coordination may discipline policymakers," Discussion Paper 1995-59, Tilburg University, Center for Economic Research.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "Monetary Union without Fiscal Coordination May Discipline Policymakers," DELTA Working Papers 95-22, DELTA (Ecole normale supérieure).
- Beetsma, R. & Bovenberg, A.L., 1995. "Monetary union without fiscal coordination may discipline policymakers," Research Memorandum 024, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Beetsma, Roel M.W.J. & Lans Bovenberg, A., 2006. "Political shocks and public debt: The case for a conservative central bank revisited," Journal of Economic Dynamics and Control, Elsevier, vol. 30(11), pages 1857-1883, November.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995.
"The interaction of fiscal and monetary policy in a monetary union : Balancing credibility and flexibility,"
Discussion Paper
1995-101, Tilburg University, Center for Economic Research.
- Beetsma, R. & Bovenberg, A.L., 1996. "The interaction of fiscal and monetary policy in a monetary union: balancing credibility and flexibility," Research Memorandum 006, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "The interaction of fiscal and monetary policy in a monetary union : Balancing credibility and flexibility," Other publications TiSEM f6a15171-b493-42a5-ac41-8, Tilburg University, School of Economics and Management.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "The Interaction of Fiscal and Monetary Policy in a Monetary Union: Balancing Credibility and Flexibility," DELTA Working Papers 95-24, DELTA (Ecole normale supérieure).
- Persson, Torsten & Tabellini, Guido, 1999.
"Political economics and macroeconomic policy,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 22, pages 1397-1482,
Elsevier.
- Torsten Persson & Guido Tabellini, "undated". "Political Economics and Macroeconomic Policy," Working Papers 121, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Persson, T. & Tabellini, G., 1997. "Political Economics and Macroeconomic Policy," Papers 630, Stockholm - International Economic Studies.
- Torsten Persson & Guido Tabellini, 1997. "Political Economics and Macroeconomic Policy," NBER Working Papers 6329, National Bureau of Economic Research, Inc.
- Persson, Torsten & Tabellini , Guido, 1997. "Political Economics and Macroeconomic Policy," Seminar Papers 630, Stockholm University, Institute for International Economic Studies.
- Persson, Torsten & Tabellini, Guido, 1997. "Political Economics and Macroeconomic Policy," CEPR Discussion Papers 1759, C.E.P.R. Discussion Papers.
- Ourania Dimakou, 2006. "Monetary and Fiscal Policy Interactions: The Role of the Quality of Institutions in a Dynamic Environment," Birkbeck Working Papers in Economics and Finance 0607, Birkbeck, Department of Economics, Mathematics & Statistics.
- Edward Kutsoati, 2000. "Debt-Contingent Inflation Contracts and Targeting," Discussion Papers Series, Department of Economics, Tufts University 0009, Department of Economics, Tufts University.
- Beetsma, Roel M. W. J. & Bovenberg, A. Lans, 2003. "Strategic debt accumulation in a heterogeneous monetary union," European Journal of Political Economy, Elsevier, vol. 19(1), pages 1-15, March.
- Francesca Castellani & Xavier Debrun, 2001. "Central Bank Independence and the Design of Fiscal Institutions," IMF Working Papers 01/205, International Monetary Fund.
- Gonçalves, Carlos Eduardo Soares, 2004. "Political uncertainty and monetary unions," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 24(1), May.
- Croix de la, D. & Urbain, J.R.Y.J., 1996. "Intertemporal substitution in import demand and habit formation," Research Memorandum 004, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Beetsma, Roel M W J & Bovenberg, A Lans, 2001.
"The Optimality of a Monetary Union without a Fiscal Union,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(2), pages 179-204, May.
- Beetsma, Roel & Bovenberg, A Lans, 1998. "The Optimality of a Monetary Union Without a Fiscal Union," CEPR Discussion Papers 1975, C.E.P.R. Discussion Papers.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1998. "The optimality of a monetary union without a fiscal union," Other publications TiSEM ffa37f6b-4bf3-4529-889a-8, Tilburg University, School of Economics and Management.
- Beetsma, R.M.W.J. & Bovenberg, A.L., 1998. "The optimality of a monetary union without a fiscal union," Discussion Paper 1998-81, Tilburg University, Center for Economic Research.
- Masciandaro, Donato & Romelli, Davide, 2015.
"Ups and downs of central bank independence from the Great Inflation to the Great Recession: theory, institutions and empirics,"
Financial History Review, Cambridge University Press, vol. 22(3), pages 259-289, December.
- Donato Masciandaro & Davide Romelli, 2015. "Ups and Downs. Central Bank Independence from the Great Inflation to the Great Recession: Theory, Institutions and Empirics," BAFFI CAREFIN Working Papers 1503, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- 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.
- Huang, Haizhou & Wei, Shang-Jin, 2005. "Monetary Policies for Developing Countries: The Role of Institutional Quality," CEPR Discussion Papers 4911, C.E.P.R. Discussion Papers.
- Haizhou Huang & A. Jorge Padilla, 2002. "Fiscal Policy and the Implementation of the Walsh Contract for Central Bankers," Annals of Economics and Finance, Society for AEF, vol. 3(1), pages 27-42, May.
- van Aarle, Bas & Lans Bovenberg, A. & Raith, Matthias G., 1997.
"Is there a tragedy of a common central bank? A dynamic analysis,"
Journal of Economic Dynamics and Control, Elsevier, vol. 21(2-3), pages 417-447.
- Bovenberg, A.L. & van Aarle, B. & Raith, M., 1997. "Is there a tragedy of a common Central Bank? A dynamic analysis," Other publications TiSEM e5ccc34e-07da-4d65-baca-b, Tilburg University, School of Economics and Management.
- W. Bolt, 1999. "Fiscal Restraints, ECB Credibility and the Stability Pact:A Game-Theoretic Perspective," DNB Staff Reports (discontinued) 38, Netherlands Central Bank.
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:tiu:tiutis:d1fc1375-507c-445b-9b38-daea8996e2f0. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Richard Broekman). General contact details of provider: https://www.tilburguniversity.edu/about/schools/economics-and-management/ .
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 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.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.