Monetary-fiscal policy interactions and indeterminacy in postwar US data

American Economic Review

Volumn 102, Issue 3, 2012, Pages 173-178

  Bhattarai, Saroj ^a   Lee, Jae Won ^b   Park, Woong Yong ^c  

^a PENNSYLVANIA STATE UNIVERSITY   (United States)

^b RUTGERS UNIVERSITY   (United States)

^c UNIVERSITY OF HONG KONG   (Hong Kong)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84863185417     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.102.3.173     Document Type: Conference Paper

References (12)

1. Bhattarai, Saroj, Jae W. Lee, and Woong Y. Park. 2012. "Policy Regimes, Policy Shifts, and U.S. Business Cycles." Unpublished.
2. Canzoneri, Matthew, Robert Cumby, and Behzad Diba. 2011. "The Interaction Between Monetary and Fiscal Policy." In Handbook of Monetary Economics, Vol. 3B, edited by Benjamin M. Friedman and Michael Woodford, 935-99. Amsterdam: Elsevier Science, North-Holland.
3. Cochrane, John H. 2001. "Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level." Econometrica 69 (1): 69-116.
4. Davig, Troy, and Eric M. Leeper. 2011. "Monetary- Fiscal Policy Interactions and Fiscal Stimulus." European Economic Review 55 (2): 211-27.
5. Farmer, Roger E. A., Daniel F. Waggoner, and Tao Zha. 2011. "Minimal State Variable Solutions to Markov-Switching Rational Expectations Models." Journal of Economic Dynamics and Control 35 (12): 2150-66
6. Leeper, Eric M. 1991. "Equilibria under 'Active' and 'Passive' Monetary and Fiscal Policies." Journal of Monetary Economics 27 (1): 129-47.
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8. Sims, Christopher A. 1994. "A Simple Model for Study of the Determination of the Price Level and the Interaction of Monetary and Fiscal Policy." Economic Theory 4 (3): 381-99.
9. Sims, Christopher A. 2002. "Solving Linear Rational Expectations Models." Computational Economics 20 (1-2): 1-20.
10. Sims, Christopher A., and Tao Zha. 2006. "Were There Regime Switches in U.S. Monetary Policy?" American Economic Review 96 (1): 54-81.
11. Traum, Nora, and Shu-Chun S. Yang. 2011. "Monetary and Fiscal Policy Interactions in the Post-war U.S." European Economic Review 55 (1): 140-64.
12. Woodford, Michael. 1995. "Price-Level Determinacy without Control of a Monetary Aggregate." Carnegie-Rochester Conference Series on Public Policy 43: 1-46.