Fiscal Policy, Public Debt and the World Crisis

被引：2
|
作者：
Eggertsson, Gauti B. [1 ,2 ]
机构：
[1] Brown Univ, Providence, RI 02912 USA
[2] NBER, Cambridge, MA 02138 USA
来源：
GERMAN ECONOMIC REVIEW | 2014年 / 15卷 / 02期
关键词：
liquidity trap; deficits; Fiscal policy;
D O I：
10.1111/geer.12037
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study summarizes a theory of the origin of the current world economic crisis and the role of fiscal policy in mitigating its effect. The perspective is dynamic stochastic general equilibrium analysis. Overall, the model analysis suggests a strong case for fiscal policy if the monetary authority is unable/unwilling to close the output gap. This remains the case, even when explicitly taking into account public debt dynamics.
引用
收藏
页码：225 / 242
页数：18
相关论文
共 50 条
  • [1] Public debt and fiscal policy traps
    Camous, Antoine
    Gimber, Andrew R.
    [J]. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2018, 93 : 239 - 259
  • [2] Discussion on Public Debt and Fiscal Policy
    Olivier Blanchard
    Gita Gopinath
    Kenneth Rogoff
    [J]. IMF Economic Review, 2021, 69 : 258 - 274
  • [3] Discussion on Public Debt and Fiscal Policy
    Blanchard, Olivier
    Gopinath, Gita
    Rogoff, Kenneth
    [J]. IMF ECONOMIC REVIEW, 2021, 69 (01) : 258 - 274
  • [4] KEYNESIAN THEORY OF FISCAL AND PUBLIC DEBT POLICIES - INTRODUCTION ON FISCAL-POLICY - INTRODUCTION ON PUBLIC DEBT POLICY - COMMENT
    GERSFELT, T
    [J]. NATIONALOKONOMISK TIDSSKRIFT, 1983, 121 (03): : 375 - 376
  • [5] Fiscal policy and public debt sustainability in the EMU
    Reinhard Neck
    Robert Holzmann
    [J]. Empirica, 2006, 33 (2-3) : 61 - 62
  • [6] Fiscal policy sustainability and public debt in Africa
    Anselm Komla Abotsi
    [J]. SN Business & Economics, 4 (1):
  • [7] KEYNESIAN THEORY OF FISCAL AND PUBLIC DEBT POLICIES - INTRODUCTION ON PUBLIC DEBT POLICY
    JESPERSEN, J
    [J]. NATIONALOKONOMISK TIDSSKRIFT, 1983, 121 (03): : 368 - 374
  • [8] OPTIMAL FISCAL AND MONETARY POLICY, DEBT CRISIS, AND MANAGEMENT
    Cantore, Cristiano
    Levine, Paul
    Melina, Giovanni
    Pearlman, Joseph
    [J]. MACROECONOMIC DYNAMICS, 2019, 23 (03) : 1166 - 1204
  • [9] Dynamic adjustment of fiscal policy under a debt crisis
    Dioikitopoulos, Evangelos V.
    [J]. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2018, 93 : 260 - 276
  • [10] Can a contractionary fiscal policy be expansive? The effectiveness of fiscal policy and the sustainability of public debt
    Mendoza, Waldo
    [J]. REVISTA ECONOMIA, 2007, 30 (59-60): : 247 - 279
12345