Understanding the Interaction of Chinese Fiscal and Monetary Policy
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Thomas J. Sargent & Neil Wallace, 1984.
"Some Unpleasant Monetarist Arithmetic,"
Palgrave Macmillan Books, in: Brian Griffiths & Geoffrey E. Wood (ed.), Monetarism in the United Kingdom, pages 15-41,
Palgrave Macmillan.
- Thomas J. Sargent & Neil Wallace, 1981. "Some unpleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 5(Fall).
- J. James Reade, 2011. "Modelling Monetary and Fiscal Policy in the US: A Cointegration Approach," Discussion Papers 11-02, Department of Economics, University of Birmingham.
- Andrew Mountford & Harald Uhlig, 2009.
"What are the effects of fiscal policy shocks?,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(6), pages 960-992.
- Mountford, A.W. & Uhlig, H.F.H.V.S., 2002. "What are the Effects of Fiscal Policy Shocks?," Other publications TiSEM af6a2f09-0045-471e-bba4-b, Tilburg University, School of Economics and Management.
- Uhlig, Harald & Mountford, Andrew, 2002. "What are the Effects of Fiscal Policy Shocks?," CEPR Discussion Papers 3338, C.E.P.R. Discussion Papers.
- Mountford, A.W. & Uhlig, H.F.H.V.S., 2002. "What are the Effects of Fiscal Policy Shocks?," Discussion Paper 2002-31, Tilburg University, Center for Economic Research.
- Mountford, Andrew & Uhlig, Harald, 2005. "What are the effects of fiscal policy shocks?," SFB 649 Discussion Papers 2005-039, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
- Andrew Mountford & Harald Uhlig, 2008. "What are the Effects of Fiscal Policy Shocks?," NBER Working Papers 14551, National Bureau of Economic Research, Inc.
- Tom Doan, "undated". "RATS programs to replicate Mountford and Uhlig JAE 2009 sign-constrained VAR," Statistical Software Components RTZ00121, Boston College Department of Economics.
- Michael Woodford, 1998.
"Control of the Public Debt: A Requirement for Price Stability?,"
International Economic Association Series, in: Guillermo Calvo & Mervyn King (ed.), The Debt Burden and its Consequences for Monetary Policy, chapter 5, pages 117-158,
Palgrave Macmillan.
- Michael Woodford, 1996. "Control of the Public Debt: A Requirement for Price Stability?," NBER Working Papers 5684, National Bureau of Economic Research, Inc.
- Troy Davig & Eric M. Leeper, 2007.
"Fluctuating Macro Policies and the Fiscal Theory,"
NBER Chapters, in: NBER Macroeconomics Annual 2006, Volume 21, pages 247-316,
National Bureau of Economic Research, Inc.
- Troy Davig & Eric M. Leeper, 2005. "Fluctuating Macro Policies and the Fiscal Theory," NBER Working Papers 11212, National Bureau of Economic Research, Inc.
- Nils M. Gornemann & Keith Kuester & Makoto Nakajima, 2012.
"Monetary policy with heterogeneous agents,"
Working Papers
12-21, Federal Reserve Bank of Philadelphia.
- Makoto Nakajima, 2013. "Monetary Policy with Heterogeneous Agents," 2013 Meeting Papers 356, Society for Economic Dynamics.
- Jouchi Nakajima, 2011.
"Time-Varying Parameter VAR Model with Stochastic Volatility: An Overview of Methodology and Empirical Applications,"
Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 29, pages 107-142, November.
- Jouchi Nakajima, 2011. "Time-Varying Parameter VAR Model with Stochastic Volatility: An Overview of Methodology and Empirical Applications," IMES Discussion Paper Series 11-E-09, Institute for Monetary and Economic Studies, Bank of Japan.
- Woodford, Michael, 1995.
"Price-level determinacy without control of a monetary aggregate,"
Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 43(1), pages 1-46, December.
- Michael Woodford, 1995. "Price Level Determinacy Without Control of a Monetary Aggregate," NBER Working Papers 5204, National Bureau of Economic Research, Inc.
- Fragetta, Matteo & Kirsanova, Tatiana, 2010.
"Strategic monetary and fiscal policy interactions: An empirical investigation,"
European Economic Review, Elsevier, vol. 54(7), pages 855-879, October.
- Matteo Fragetta & Tatiana Kirsanova, 2007. "Strategic Monetary and Fiscal Policy Interactions: An Empirical Investigation," Discussion Papers 0706, University of Exeter, Department of Economics.
- Muscatelli, V. Anton & Tirelli, Patrizio & Trecroci, Carmine, 2004.
"Fiscal and monetary policy interactions: Empirical evidence and optimal policy using a structural New-Keynesian model,"
Journal of Macroeconomics, Elsevier, vol. 26(2), pages 257-280, June.
- Anton Muscatelli & Patrizio Tirelli & Carmine Trecroci, 2003. "Fiscal and Monetary Policy Interactions: Empirical Evidence and Optimal Policy Using a Structural New Keynesian Model," CESifo Working Paper Series 1060, CESifo.
- Timothy Cogley & Thomas J. Sargent, 2005.
"Drift and Volatilities: Monetary Policies and Outcomes in the Post WWII U.S,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(2), pages 262-302, April.
- Timothy Cogley & Thomas Sargent, "undated". "Drifts and Volatilities: Monetary Policies and Outcomes in the Post WWII US," Working Papers 2133503, Department of Economics, W. P. Carey School of Business, Arizona State University.
- Timothy Cogley & Thomas J. Sargent, 2003. "Drifts and volatilities: monetary policies and outcomes in the post WWII U.S," FRB Atlanta Working Paper 2003-25, Federal Reserve Bank of Atlanta.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Nagwa Amin Abdelkawy & Abdullah Sultan Al Shammre, 2024. "Fiscal Policy and Economic Resilience: The Impact of Government Consumption Alongside Oil and Non-Oil Revenues on Saudi Arabia’s GDP during Crises (1969–2022)," Sustainability, MDPI, vol. 16(14), pages 1-31, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Eric M. Leeper, 2010.
"Monetary science, fiscal alchemy,"
Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 361-434.
- Eric M. Leeper, 2010. "Monetary Science, Fiscal Alchemy," NBER Working Papers 16510, National Bureau of Economic Research, Inc.
- Martin Kliem & Alexander Kriwoluzky & Samad Sarferaz, 2016.
"On the Low‐Frequency Relationship Between Public Deficits and Inflation,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 31(3), pages 566-583, April.
- Kriwoluzky, Alexander & Kliem, Martin & Sarferaz, Samad, 2013. "On the low-frequency relationship between public deficits and inflation," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80000, Verein für Socialpolitik / German Economic Association.
- Kliem, Martin & Kriwoluzky, Alexander & Sarferaz, Samad, 2013. "On the low-frequency relationship between public deficits and inflation," Discussion Papers 12/2013, Deutsche Bundesbank.
- Eddie Gerba & Klemens Hauzenberger, 2013. "Estimating US Fiscal and Monetary Interactions in a Time Varying VAR," Studies in Economics 1303, School of Economics, University of Kent.
- Francesco Bianchi & Leonardo Melosi, 2017.
"Escaping the Great Recession,"
American Economic Review, American Economic Association, vol. 107(4), pages 1030-1058, April.
- Bianchi, Francesco & Melosi, Leonardo, 2013. "Escaping the Great Recession," CEPR Discussion Papers 9643, C.E.P.R. Discussion Papers.
- Francesco Bianchi & Leonardo Melosi, 2014. "Escaping the Great Recession," Working Paper Series WP-2014-17, Federal Reserve Bank of Chicago.
- Francesco Bianchi & Leonardo Melosi, 2016. "Escaping the Great Recession," Working Paper Series WP-2016-16, Federal Reserve Bank of Chicago.
- Francesco Bianchi & Leonardo Melosi, 2014. "Escaping the Great Recession," NBER Working Papers 20238, National Bureau of Economic Research, Inc.
- Francesco Bianchi & Leonardo Melosi, 2013. "Escaping the Great Recession," Working Papers 13-19, Duke University, Department of Economics.
- Leonardo Melosi & Francesco Bianchi, 2015. "Escaping the Great recession," 2015 Meeting Papers 1035, Society for Economic Dynamics.
- Leonardo Melosi & Francesco Bianchi, 2013. "Escaping the Great Recession," 2013 Meeting Papers 203, Society for Economic Dynamics.
- Leeper, Eric M. & Plante, Michael & Traum, Nora, 2010.
"Dynamics of fiscal financing in the United States,"
Journal of Econometrics, Elsevier, vol. 156(2), pages 304-321, June.
- Eric M. Leeper & Michael Plante & Nora Traum, 2009. "Dynamics of Fiscal Financing in the United States," NBER Working Papers 15160, National Bureau of Economic Research, Inc.
- Eric M. Leeper & Michael Plante & Nora Traum, 2009. "Dynamics Of Fiscal Financing In The United States," CAEPR Working Papers 2009-012, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
- Davig, Troy & Leeper, Eric M., 2011.
"Monetary-fiscal policy interactions and fiscal stimulus,"
European Economic Review, Elsevier, vol. 55(2), pages 211-227, February.
- Troy Davig & Eric M. Leeper, 2009. "Monetary-fiscal policy interactions and fiscal stimulus," Research Working Paper RWP 09-12, Federal Reserve Bank of Kansas City.
- Leeper, Eric M., 2009. "Monetary-Fiscal Policy Interactions and Fiscal Stimulus," CEPR Discussion Papers 7509, C.E.P.R. Discussion Papers.
- Troy Davig & Eric Leeper, 2009. "Monetary-Fiscal Policy Interactions And Fiscal Stimulus," CAEPR Working Papers 2009-010, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
- Troy Davig & Eric M. Leeper, 2009. "Monetary-Fiscal Policy Interactions and Fiscal Stimulus," NBER Working Papers 15133, National Bureau of Economic Research, Inc.
- Daly, Hounaida & Smida, Mounir, 2014. "Fiscal Theory of Price Level," MPRA Paper 60142, University Library of Munich, Germany.
- Manuel Gonzalez-Astudillo, 2013.
"Monetary-fiscal policy interactions: interdependent policy rule coefficients,"
Finance and Economics Discussion Series
2013-58, Board of Governors of the Federal Reserve System (U.S.).
- Gonzalez-Astudillo, Manuel, 2013. "Monetary-Fiscal Policy Interactions: Interdependent Policy Rule Coefficients," MPRA Paper 50040, University Library of Munich, Germany.
- Creel, Jerome & Bihan, Herve Le, 2006.
"Using structural balance data to test the fiscal theory of the price level: Some international evidence,"
Journal of Macroeconomics, Elsevier, vol. 28(2), pages 338-360, June.
- Jérôme Creel & Hervé Le Bihan, 2006. "Using Structural Balance Data to Test the Fiscal Theory of the Price Level: Some International Evidence," SciencePo Working papers Main hal-01065036, HAL.
- Jérôme Creel & Hervé Le Bihan, 2006. "Using Structural Balance Data to Test the Fiscal Theory of the Price Level: Some International Evidence," Post-Print hal-01065036, HAL.
- Marco Bassetto, 2002.
"A Game-Theoretic View of the Fiscal Theory of the Price Level,"
Econometrica, Econometric Society, vol. 70(6), pages 2167-2195, November.
- Marco Bassetto, 2000. "A Game-Theoretic View of the Fiscal Theory of the Price Level," Econometric Society World Congress 2000 Contributed Papers 1492, Econometric Society.
- Marco Bassetto, 2001. "A game-theoretic view of the fiscal theory of the price level," Working Papers 612, Federal Reserve Bank of Minneapolis.
- L. Lambertini & R. Rovelli, 2003. "Monetary and fiscal policy coordination and macroeconomic stabilization. A theoretical analysis," Working Papers 464, Dipartimento Scienze Economiche, Universita' di Bologna.
- Lubos Komarek & Petr Polak, 2021. "A network of national AMCs - part of the solution to the legacy of the financial crisis and the coronavirus crisis?," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - January 2021, pages 13-18, Czech National Bank.
- Bajo-Rubio, Oscar & Díaz-Roldán, Carmen & Esteve, Vicente, 2009.
"Deficit sustainability and inflation in EMU: An analysis from the Fiscal Theory of the Price Level,"
European Journal of Political Economy, Elsevier, vol. 25(4), pages 525-539, December.
- Oscar Bajo-Rubio & Carmen Díaz-Roldán & Vicente Esteve, 2007. "Deficit sustainability and inflation in EMU: An analysis from the fiscal theory of the price level," Working Papers 07-01, Asociación Española de Economía y Finanzas Internacionales.
- Tatiana Kirsanova & Simon Wren‐Lewis, 2012.
"Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities,"
Economic Journal, Royal Economic Society, vol. 122(559), pages 238-264, March.
- Tatiana Kirsanova & Simon Wren-Lewis, 2006. "Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities," CDMA Conference Paper Series 0609, Centre for Dynamic Macroeconomic Analysis.
- Tatiana Kirsanova & Simon Wren-Lewis, 2007. "Optimal fiscal feedback on debt in an economy with nominal rigidities," FRB Atlanta Working Paper 2007-26, Federal Reserve Bank of Atlanta.
- Simon Wren-Lewis & Tatiana Kirsanova, 2007. "Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities," Economics Series Working Papers 306, University of Oxford, Department of Economics.
- Tatiana Kirsanova & Simon Wren-Lewis, 2007. "Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities," Discussion Papers 0705, University of Exeter, Department of Economics.
- Groenewold, Nicolaas, 2018. "Australia saved from the financial crisis by policy or by exports?," Journal of Policy Modeling, Elsevier, vol. 40(1), pages 118-135.
- Davig, Troy & Leeper, Eric M. & Walker, Todd B., 2010.
""Unfunded liabilities" and uncertain fiscal financing,"
Journal of Monetary Economics, Elsevier, vol. 57(5), pages 600-619, July.
- Troy Davig & Eric M. Leeper & Todd B. Walker, 2010. ""Unfunded Liabilities" and Uncertain Fiscal Financing," NBER Working Papers 15782, National Bureau of Economic Research, Inc.
- Troy Davig & Eric M. Leeper & Todd B. Walker, 2010. "\"Unfunded liabilities\" and uncertain fiscal financing," Research Working Paper RWP 10-09, Federal Reserve Bank of Kansas City.
- Wolf, Martin & Müller, Gernot & Kriwoluzky, Alexander, 2013. "Currency Risk in Currency Unions," CEPR Discussion Papers 9635, C.E.P.R. Discussion Papers.
- Jerome Creel & Paola Monperrus-Veroni & Francesco Saraceno, 2005.
"Discretionary Policy Interactions and the Fiscal Theory of the Price Level: A SVAR Analysis on French Data,"
Documents de Travail de l'OFCE
2005-12, Observatoire Francais des Conjonctures Economiques (OFCE).
- Jérôme Creel & Paola Veroni & Francesco Saraceno, 2005. "Discretionary Policy Interactions and the Fiscal Theory of the Price Level: A SVAR Analysis on French Data," Working Papers hal-03597711, HAL.
- Jérôme Creel & Francesco Saraceno & Paola Veroni, 2005. "Discretionary Policy Interactions and the Fiscal Theory of the Price Level: A SVAR Analysis on French Data," SciencePo Working papers Main hal-00972896, HAL.
- Jérôme Creel & Francesco Saraceno & Paola Veroni, 2005. "Discretionary Policy Interactions and the Fiscal Theory of the Price Level: A SVAR Analysis on French Data," Post-Print hal-00972896, HAL.
- Jérôme Creel & Paola Veroni & Francesco Saraceno, 2005. "Discretionary Policy Interactions and the Fiscal Theory of the Price Level: A SVAR Analysis on French Data," SciencePo Working papers Main hal-03597711, HAL.
- Sokolova, Anna, 2015.
"Fiscal limits and monetary policy: default vs. inflation,"
Economic Modelling, Elsevier, vol. 48(C), pages 189-198.
- Anna Sokolova, 2013. "Fiscal Limits and Monetary Policy: Default vs. Inflation," HSE Working papers WP BRP 39/EC/2013, National Research University Higher School of Economics.
- Jérôme Creel & Paola Veroni & Francesco Saraceno, 2007.
"Politique budgétaire discrétionnaire en France,"
Post-Print
hal-03459628, HAL.
- Jérôme Creel & Paola Veroni & Francesco Saraceno, 2007. "Politique budgétaire discrétionnaire en France," SciencePo Working papers Main hal-03459628, HAL.
More about this item
Keywords
TVP-VAR; fiscal–monetary interaction; time-varying impulse response; FTPL theory;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jjrfmx:v:14:y:2021:i:9:p:416-:d:628179. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.