Debt management when monetary and fiscal policies clash: some empirical evidence
نویسندگان
چکیده
منابع مشابه
Optimal Fiscal and Monetary Policy, Debt Crisis and Management∗
The initial government debt-to-GDP ratio and the government’s commitment play a pivotal role in determining the welfare-optimal speed of fiscal consolidation in the management of a debt crisis. Under commitment, for low or moderate initial government debt-to-GPD ratios, the optimal consolidation is very slow. A faster pace is optimal when the economy starts from a high level of public debt impl...
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ژورنال
عنوان ژورنال: Journal of Applied Economics
سال: 2020
ISSN: 1514-0326,1667-6726
DOI: 10.1080/15140326.2020.1750120