Fiscal Consolidation in an Open Economy with Sovereign Premia and without Monetary Policy Independence

B-Tier

Journal: International Journal of Central Banking

Year: 2017

Volume: 13

Issue: 4

Pages: 259-306

Authors (3)

Apostolis Philippopoulos (not in RePEc) Petros Varthalitis (Athens University of Economics) Vanghelis Vassilatos (Athens University of Economics)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

We welfare rank various tax-spending-debt policies in a New Keynesian model of a small open economy featuring sovereign interest rate premia and loss of monetary policy independence. When we compute optimized state-contingent policy

Fiscal Consolidation in an Open Economy with Sovereign Premia and without Monetary Policy Independence

Authors (3)

Abstract

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