… The policy relevance of the interest rate fiscal policy nexus, however, is as high in Europe as
in … , fiscal policy in the EU can have a non-negligible impact on international interest rates. …

… Third, we show that fiscal policy matters for interest rates. Research in finance has focused
… (2002) to compute fiscal policy shocks. We find that a fiscal shock that increases the deficit to …

… of fiscal and monetary policy. The purpose of this book is to focus on the implications of low
rates for fiscal policy… for policy in advanced economies today.¹ My target readers are primarily …

… the effect of fiscal policy on output today, with important recent exceptions. Interest rates are
… To infer the effects of fiscal policy at zero interest rates, then, we can rely on experience only …

… difficulties, while its interest rate policy recommendation would likely generate … fiscal
policy is useful at a time when too many policymakers are being drawn toward mistaken fiscal …

… on fiscal policy and interest rates, we replicated all these regressions for each of five
alternative fiscal indicators. The results in Table 4 (showing only the coefficients on the fiscal …

… in long-term interest rates and crowding-out effects. This paper studies the fiscal policy effects
on interest rates from a theoretical and empirical point of view. Fiscal policy effects mainly …

… restrictions are imposed on the transmission of fiscal policy across all countries. Due to the
… that explains interest rates by fiscal variables to analyze crowding out of fiscal policy. The …

… discretionary fiscal policy in this context I will also emphasize that an expansionary fiscal
policy … More specifically, changes in fiscal incentives may be more useful than traditional fiscal …

… to fiscal policy to support the increase in aggregate spending. Some of the past problems in
using fiscal policy … to finance fiscal deficits will not be offset by higher interest rates, since the …