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Browsing Evans, George W. by Subject "Fiscal policy"
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Now showing items 1-4 of 4
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(University of Oregon, Dept of Economics, 2009-07-06)We examine global economic dynamics under infinite-horizon learning in a New Keynesian model in which the interest-rate rule is subject to the zero lower bound. As in Evans, Guse and Honkapohja (2008), we find that under ...
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(University of Oregon, Dept of Economics, 2007-06-05)We examine global economic dynamics under learning in a New Keynesian model in which the interest-rate rule is subject to the zero lower bound. Under normal monetary and fiscal policy, the intended steady state is locally ...
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(University of Oregon, Dept. of Economics, 2002-08-03)We investigate both the rational explosive inflation paths studied by (McCallum 2001), and the classification of fiscal and monetary polices proposed by (Leeper 1991), for stability under learning of the rational expectations ...
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(University of Oregon, Dept of Economics, 2010-10-30)In Evans, Guse, and Honkapohja (2008) the intended steady state is locally but not globally stable under adaptive learning, and unstable deflationary paths can arise after large pessimistic shocks to expectations. In ...
Now showing items 1-4 of 4