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Report
Net private investment and public expenditure in the United States 1953- 1984
Aschauer, David Alan
(1987)
Staff Memoranda
, Paper 87-10
Working Paper
Fiscal policy and trade adjustment: are the deficits really twins?
Rosensweig, Jeffrey A.; Tallman, Ellis W.
(1991)
FRB Atlanta Working Paper
, Paper 91-2
Speech
The economic outlook and the role of monetary policy
Dudley, William
(2013)
Remarks at the Economic Club of New York, New York City.
Speech
, Paper 99
Working Paper
Fiscal devaluations
Farhi, Emmanuel; Itskhoki, Oleg; Gopinath, Gita
(2012)
The authors show that even when the exchange rate cannot be devalued, a small set of conventional fiscal policy instruments can robustly replicate the real allocations attained under a nominal exchange rate devaluation in a standard New Keynesian open economy environment. They perform the analysis under alternative pricing assumptions?producer or local currency pricing along with nominal wage stickiness, under alternative asset market structures, and for anticipated and unanticipated devaluations. There are two types of fiscal policies equivalent to an exchange rate devaluation: one, a ...
Working Papers
, Paper 12-10
Journal Article
Statement to Congress, February 4, 1992(economic prospects)
Greenspan, Alan
(1992-04)
Federal Reserve Bulletin
, Issue Apr
, Pages 253-256
Journal Article
Questions about fiscal policy: Implications from the financial crisis of 2008-2009
Mankiw, N. Gregory
(2010-05)
This article is a modified version of remarks given at the Federal Reserve Bank of Philadelphia?s policy forum ?Policy Lessons from the Economic and Financial Crisis,? December 4, 2009. The presentation was made during a panel discussion that also included James Bullard and John Taylor.
Review
, Volume 92
, Issue May
, Pages 177-183
Journal Article
Global factors in budget deficits
Neely, Christopher J.
(2003-11)
International Economic Trends
, Issue Nov
Journal Article
Price stability: is a tough central bank enough?
Fitzgerald, Terry J.; Christiano, Lawrence J.
(2000-08)
What is the best way to achieve price stability? Conventional wisdom says that a tough, independent central bank is all that is necessary. However, a new view?the fiscal theory of the price level?argues that an appropriate fiscal policy is also required, no matter how tough the central bank may be. The choice of the fiscal theory versus the conventional view has significant implications for the way central banks do business.
Economic Commentary
, Issue Aug
Working Paper
An empirical analysis of policy coordination in the United States, Japan and Europe
Tryon, Ralph W.; Edison, Hali J.
(1986)
Coordination of macroeconomic policy has been a major topic at recent summit meetings, and has been the subject of a number of theoretical studies. However, relatively little empirical research exists on policy coordination. This paper is an attempt to help fill this gap. The paper considers the quantitative importance of the coordination of fiscal and monetary policy under flexible exchange rates. We also evaluate the mechanisms by which the effects of macroeconomic policy are transmitted abroad. The nature of the equilibrium reached in the absence of coordination is also analyzed, and the ...
International Finance Discussion Papers
, Paper 286
Report
Short-run fiscal policy: welfare, redistribution, and aggregate effects in the short and long run
Kitao, Sagiri
(2010)
This paper quantifies the effects of two short-run fiscal policies, a temporary tax cut and a temporary rebate transfer, that are intended to stimulate economic activity. A reduction in income taxation provides immediate incentives to work and save more, raising aggregate output and consumption. A temporary rebate is mostly saved and increases consumption marginally. Both policies improve the overall welfare of households, and the rebate policy especially benefits low-income households. In the long run, however, the debt accumulated to finance the stimulus and a higher tax to service the debt ...
Staff Reports
, Paper 442
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