Author/Editor: Davide Debortoli, Jinill Kim, Jesper Lindé, Ricardo C Nunes.

Release Date:July, 2017

Yes, it makes a lot of sense. This paper studies how to design simple loss functions for central banks, as parsimonious approximations to social welfare. We show, both analytically and more...

Author/Editor: Michael Kumhof, Ricardo Nunes, Irina Yakadina.

Release Date:December, 2007

Is aggressive monetary policy response to inflation feasible in countries that suffer from fiscal dominance? We find that if nominal interest rates are allowed to respond to government debt, even more...