 | 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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| “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...
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