References contributed by pco326-3095
Adam, K., 2011. Government debt and optimal monetary and fiscal policy. Eur. Econ. Rev. 55 (1), 57–74. Agarwal, R., Kimball, M., 2015. Breaking through the Zero Lower Bound. International Monetary Fund Working Paper 15/224.
- Aruoba, S.B., Cuba-Borda, P., Schorfheide, F., 2015. Inflation dynamics during and after the zero lower bound. In: Paper Presented at the Federal Reserve Bank of Kansas City Economic Policy Symposium.
Paper not yet in RePEc: Add citation now
Barro, R.J., 1979. On the determination of the public debt. J. Polit. Econ. 87 (5), 940–971.
Basso, H.S., Costain, J., 2016. Fiscal delegation in a monetary union with decentralized public spending. CESifo Econ. Stud. 62 (2), 256–288.
Basso, H.S., Costain, J., 2017. Fiscal Delegation in a Monetary Union: Instrument Assignment and Stabilization Properties. Working Papers 1710. Banco de Espana.
Benhabib, J., Schmitt-Grohe, S., Uribe, M., 2001. The perils of Taylor rules. J. Econ. Theor. 96 (1–2), 40–69.
Benhabib, J., Schmitt-Grohe, S., Uribe, M., 2002. Avoiding liquidity traps. J. Polit. Econ. 110 (3), 535–563.
Bergin, P.R., 2000. Fiscal solvency and price level determination in a monetary union. J. Monetary Econ. 45 (1), 37–53.
- Bernanke, B.S., 2015. The Courage to Act: a Memoir of a Crisis and its Aftermath. Norton, New York.
Paper not yet in RePEc: Add citation now
Bernanke, B.S., Gertler, M., Gilchrist, S., 1999. The financial accelerator in a quantitative business cycle framework. In: Taylor, J.B., Woodford, M. (Eds.), Handbook of Macroeconomics, vol. 1. Elsevier, pp. 1341–1393 (chapter 21).
Bianchi, F., Melosi, L., 2017. Escaping the Great recession. Am. Econ. Rev. 107 (4), 1030–1058.
Blanchard, O., Cerutti, E., Summers, L.H., 2015. Inflation and Activity: Two Explorations and Their Monetary Policy Implications. Working Paper Series 15–19. Peterson Institute for International Economics.
Blanchard, O.J., Summers, L.H., 1986. Hysteresis and the European unemployment problem. In: NBER Macroeconomics Annual 1986. National Bureau of Economic Research, pp. 15–90.
- Brunnermeier, M., Garicano, L., Lane, P., Pagano, M., Reis, R., Santos, T., Van Nieuwerburgh, S., Vayanos, D., 2011. European Safe Bonds: ESBies. Euro-nomics.com.
Paper not yet in RePEc: Add citation now
Buiter, W.H., Panigirtzoglou, N., 2003. Overcoming the zero bound on nominal interest rates with negative interest on currency: Gesell's solution. Econ. J. 113 (490), 723–746.
Cúrdia, V., Woodford, M., 2011. The central-bank balance sheet as an instrument of monetary policy. J. Monetary Econ. 58 (1), 54–79.
Chen, H., Cúrdia, V., Ferrero, A., 2012. The macroeconomic effects of large-scale asset purchase programmes. Econ. J. 122 (564), F289–F315.
Christiano, L., Eichenbaum, M., Evans, C., 2005. Nominal rigidities and the dynamic effects of a shock to monetary policy. J. Polit. Econ. 113 (1), 1–45.
Christiano, L., Eichenbaum, M., Rebelo, S., 2011. When is the government spending multiplier large? J. Polit. Econ. 119 (1), 78–121.
Cochrane, J.H., 2011. Determinacy and identification with Taylor rules. J. Polit. Econ. 119 (3), 565–615.
Coenen, G., Erceg, C., Freedman, C., Furceri, D., Kumhof, M., Lalonde, R., Laxton, D., Linde, J., Mourougane, A., Muir, D., Mursula, S., De Resende, C., Roberts, J., Roeger, W., Snudden, S., Trabandt, M., In’t Veld, J., 2012. Effects of fiscal stimulus in structural models. American Economic Journal: Macroeconomics 4 (1), 22–68.
Corsetti, G., Dedola, L., 2016. The mystery of the printing press, monetary policy and self-fulfilling debt crises. J. Eur. Econ. Assoc. 14 (6), 1329–1371.
- Corsetti, G., Feld, L.P., Lane, P.R., Reichlin, L., Rey, H., Vayanos, D., di Mauro, B.W., 2015. A New Start for the Eurozone: Dealing with Debt. Monitoring the Eurozone 1. CEPR, London.
Paper not yet in RePEc: Add citation now
Corsetti, G., Kuester, K., Meier, A., Müller, G.J., 2013. Sovereign risk, fiscal policy, and macroeconomic stability. Econ. J. 0, F99–F132.
Corsetti, G., Kuester, K., Meier, A., Müller, G.J., 2014. Sovereign risk and belief-driven fluctuations in the euro area. J. Monetary Econ. 61 (C), 53–73.
- Del Negro, M., Eggertsson, G., Ferrero, A., Kiyotaki, N., 2011. The Great Escape? a Quantitative Evaluation of the Fed's Liquidity Facilities. Staff Report 520. Federal Reserve Bank of New York.
Paper not yet in RePEc: Add citation now
Del Negro, M., Sims, C.A., 2015. When does a central bank's balance sheet require fiscal support? J. Monetary Econ. 73, 1–19.
Delpha, J., von Weizs€acker, J., 2010. The Blue Bond Proposal. Bruegel Policy Brief 2010/03.
Den Haan, W., Rendahl, P., Riegler, M., 2015. Unemployment (Fears) and Deflationary Spirals. Unpublished manuscript. London School of Economics, University of Cambridge, and Bonn University.
- Draghi, M., 2014. Unemployment in the euro area. In: Speech at Annual Central Bank Symposium in Jackson Hole.
Paper not yet in RePEc: Add citation now
Eggertsson, G.B., 2011. What fiscal policy is effective at zero interest rates?. In: NBER Macroeconomic Annual 2010, vol. 25, pp. 59–112.
Eggertsson, G.B., Mehrotra, N.R., 2014. A Model of Secular Stagnation. National Bureau of Economic Research Working Paper 20574.
Eggertsson, G.B., Mehrotra, N.R., Singh, S., Summers, L.H., 2015. A Contagious Malady? Open Economy Dimensions of Secular Stagnation. Unpublished manuscript. Brown University.
Eggertsson, G.B., Woodford, M., 2003. The zero bound on interest rates and optimal monetary policy. Brookings Pap. Econ. Activ. 34 (1), 139–235.
- Eichegreen, B., Wyplosz, C., 2016. Minimal Conditions for the Survival of the Euro (In the CEPR report How to fix Europe’s monetary union).
Paper not yet in RePEc: Add citation now
- Engen, E.M., Laubach, T., Reifschneider, D.L., 2015. The Macroeconomic Effects of the Federal Reserve's Unconventional Monetary Policies. Finance and Economics Discussion Series 2015-5. Board of Governors of the Federal Reserve System.
Paper not yet in RePEc: Add citation now
Ferrero, A., 2009. Fiscal and monetary rules for a currency union. J. Int. Econ. 77 (1), 1–10.
- GalÃ, J., 2015. Monetary Policy, Inflation, and the Business Cycle. Princeton University Press, Princeton.
Paper not yet in RePEc: Add citation now
GalÃ, J., Monacelli, T., 2008. Optimal monetary and fiscal policy in a currency union. J. Int. Econ. 76 (1), 116–132.
- German Council of Economic Experts, 2011. European Redemption Pact. Annual Economic Report 2011/12.
Paper not yet in RePEc: Add citation now
Gertler, M., Karadi, P., 2011. A model of unconventional monetary policy. J. Monetary Econ. 58 (1), 17–34.
Gertler, M., Karadi, P., 2013. QE 1 vs. 2 vs. 3...: a framework for analyzing large-scale asset purchases as a monetary policy tool. Int. J. Cent. Bank. 9 (1), 5–53.
Gornemann, N., Kuester, K., Nakajima, M., 2012. Monetary Policy with Heterogeneous Agents. Federal Reserve Bank of Philadelphia. Working Paper 12–21.
Hall, R.E., Reis, R., 2015. Maintaining Central-bank Financial Stability under New-style Central Banking. National Bureau of Economic Research Working Paper 21173.
- Jarocinski, M., Mackowiak, B., 2018. Monetary-fiscal interactions and the Euro area's malaise. J. Int. Econ. 112, 251–266. European Central Bank Working Paper No. 2072.
Paper not yet in RePEc: Add citation now
Kaplan, G., Moll, B., Violante, G., 2018. Monetary policy according to HANK. Am. Econ. Rev. 108 (3), 697–743. New York University and Princeton University.
Krishnamurthy, A., Vissing-Jorgensen, A., 2012. The aggregate demand for treasury debt. J. Polit. Econ. 120 (2), 233–267.
Krugman, P.R., 1998. It's baaack: Japan's slump and the return of the liquidity trap. Brookings Pap. Econ. Activ. 29 (2), 137–206.
Leeper, E.M., 1991. Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies. J. Monetary Econ. 27 (1), 129–147.
Leeper, E.M., Traum, N., Walker, T.B., 2017. Clearing up the fiscal multiplier morass. Am. Econ. Rev. 107 (8), 2409–2454. Center for Applied Economics and Policy Research, Working Paper 2015–013.
Lorenzoni, G., Werning, I., 2013. Slow Moving Debt Crises. National Bureau of Economic Research. Working Paper 19228.
McKay, A., Nakamura, E., Steinsson, J., 2015. The Power of Forward Guidance Revisited. National Bureau of Economic Research. Working Paper 20882.
Mertens, K.R., Ravn, M.O., 2014. Fiscal policy in an expectations-driven liquidity trap. Rev. Econ. Stud. 81 (4), 1637–1667.
- Nakata, T., 2015. Optimal Government Spending at the Zero Lower Bound: a Non-Ricardian Analysis. Finance and Economics Discussion Series 2015-38. Board of Governors of the Federal Reserve System.
Paper not yet in RePEc: Add citation now
Nicolini, J.P., Teles, P., Ayres, J.L., Navarro, G., 2015. Sovereign Default: the Role of Expectations. Federal Reserve Bank of Minneapolis. Working Paper 723.
Obstfeld, M., Rogoff, K., 1983. Speculative hyperinflations in maximizing models: can we rule them out? J. Polit. Econ. 91 (4), 675–687.
- Paris, P., Wyplosz, C., 2014. PADRE: Politically Acceptable Debt Restructuring in the Eurozone. Geneva Reports on the World Economy, Special Report 3.
Paper not yet in RePEc: Add citation now
Rendahl, P., 2016. Fiscal policy in an unemployment crisis. Rev. Econ. Stud. 83 (3), 1189–1224.
- Romer, C., Bernstein, J., 2009. The Job Impact of the American Recovery and Reinvestment Plan. Manuscript dated January 9, 2009.
Paper not yet in RePEc: Add citation now
Schmidt, S., 2013. Optimal monetary and fiscal policy with a zero bound on nominal interest rates. J. Money, Credit Bank. 45 (7), 1335–1350.
Schmidt, S., 2016. Lack of confidence, the zero lower bound, and the virtue of fiscal rules. J. Econ. Dynam. Contr. 70, 36–53.
Schmitt-Grohe, S., Uribe, M., 2004. Optimal fiscal and monetary policy under sticky prices. J. Econ. Theor. 114 (2), 198–230.
- Schmitt-Grohe, S., Uribe, M., 2013. The Making of a Great Contraction with a Liquidity Trap and a Jobless Recovery. Unpublished manuscript. Columbia University.
Paper not yet in RePEc: Add citation now
- Sims, C.A., 1997. Fiscal Foundations of Price Stability in Open Economies. Unpublished manuscript. Princeton University.
Paper not yet in RePEc: Add citation now
- Sims, C.A., 1999. The Precarious Fiscal Foundations of EMU. Dutch National Bank Staff Report 34.
Paper not yet in RePEc: Add citation now
Sims, C.A., 2001. Fiscal consequences for Mexico of adopting the dollar. J. Money Credit Bank. 33 (2), 597–616.
Sims, C.A., 2012. Gaps in the institutional structure of the euro area. Fin. Stab. Rev, Banque de France 16, 217–223.
Sims, C.A., 2013. Paper money. Am. Econ. Rev. 103 (2), 563–584.
Smets, F., Wouters, R., 2007. Shocks and frictions in US business cycles: a Bayesian DSGE approach. Am. Econ. Rev. 97 (3), 586–606.
- Villeroy de Galhau, F., Weidmann, J., 2016. Europe at the Crossroads. Guest contribution published in Le Monde and the Süddeutsche Zeitung on 8 February 2016.
Paper not yet in RePEc: Add citation now
- Werning, I., 2012. Managing a Liquidity Trap: Monetary and Fiscal Policy. Unpublished manuscript. MIT.
Paper not yet in RePEc: Add citation now
- Woodford, M., 2003. Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton University Press, Princeton.
Paper not yet in RePEc: Add citation now
Woodford, M., 2011. Simple analytics of the government expenditure multiplier. Am. Econ. J. Macroecon. 3 (1), 1–35.