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Optimal Fiscal and Monetary Policy, Debt Crisis and Management

Author/Editor: Cristiano Cantore, Paul L Levine, Giovanni Melina, Joseph G Pearlman.

Release Date:March, 2017

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. more...



Price: $18.00
A Fiscal Stimulus and Jobless Recovery

Author/Editor: Cristiano Cantore, Paul Levine, Giovanni Melina.

Release Date:January, 2013

We analyse the effects of a government spending expansion in a DSGE model with Mortensen-Pissarides labour market frictions, deep habits in private and public consumption, investment adjustment more...



Price: $18.00
Informal Labour and Credit Markets : A Survey

Author/Editor: Paul Levine, Emanuela Lotti, Nicoletta Batini, Young-Bae Kim.

Release Date:February, 2010

This paper reviews the literature on the informal economy, focusing first on empirical findings and then on existing approaches to modeling informality within both partial and general equilibrium more...



Price: $18.00
“Monetary and Fiscal Rules in an Emerging Small Open Economy”

Author/Editor: Paul Levine, Joseph Pearlman, Nicoletta Batini.

Release Date:January, 2009

We develop a optimal rules-based interpretation of the 'three pillars macroeconomic policy framework': a combination of a freely floating exchange rate, an explicit target for inflation, and a more...



Price: $18.00