Fiscal risk in a monetary union
BC Daniel, C Shiamptanis - European Economic Review, 2012 - Elsevier
We present a dynamic and quantitative model of a fiscal solvency crisis in a monetary union.
Diverse fiscal policies, which are subject to fiscal limits and stochastic shocks, can threaten a …
Diverse fiscal policies, which are subject to fiscal limits and stochastic shocks, can threaten a …
[PDF][PDF] 价格水平的财政决定理论: 拓展与争议
郭晔， 黄振 - 经济学动态, 2012 - core.ac.uk
内容提要: 价格水平的财政决定理论(FTPL) 认为通货膨胀不是一种货币现象, 而是一种财政现象,
价格水平由政府预算约束在均衡处相等来决定. 本文对这一价格水平决定的新理论进行了梳理和 …
价格水平由政府预算约束在均衡处相等来决定. 本文对这一价格水平决定的新理论进行了梳理和 …
[PDF][PDF] Does a low interest rate support private bubbles?,"
B Eden - … University Department of Economics Working Papers …, 2012 - accessecon.com
I examine the argument that a low interest rate policy can lead to “overvalued” private assets
or privately created bubbles (private bubbles). Using the standard approach to bubbles, I …
or privately created bubbles (private bubbles). Using the standard approach to bubbles, I …