 | 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...
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 | 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...
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