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  • Fiscal stabilization vs. passivity

    Rights statement: This is the author’s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economics Letters, 154, 2017 DOI: 10.1016/j.econlet.2017.03.003

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Fiscal stabilization vs. passivity

Research output: Contribution to journalJournal article

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Fiscal stabilization vs. passivity. / Bai, Yuting; Leeper, Eric.

In: Economics Letters, Vol. 154, 05.2017, p. 105-108.

Research output: Contribution to journalJournal article

Harvard

Bai, Y & Leeper, E 2017, 'Fiscal stabilization vs. passivity', Economics Letters, vol. 154, pp. 105-108. https://doi.org/10.1016/j.econlet.2017.03.003

APA

Bai, Y., & Leeper, E. (2017). Fiscal stabilization vs. passivity. Economics Letters, 154, 105-108. https://doi.org/10.1016/j.econlet.2017.03.003

Vancouver

Author

Bai, Yuting ; Leeper, Eric. / Fiscal stabilization vs. passivity. In: Economics Letters. 2017 ; Vol. 154. pp. 105-108.

Bibtex

@article{f4bb29a177014fef9e5fd7e1fd50e1dc,
title = "Fiscal stabilization vs. passivity",
abstract = "Fiscal policies that stabilize debt may not provide the fiscal backing necessary for monetary policy to successfully target inflation. Appropriate backing is provided by passive fiscal behavior. Understanding the distinction between stabilizing and passive fiscal policies is central to the design of fiscal rules.",
keywords = "Fiscal policy, Fiscal sustainability, Monetary policy",
author = "Yuting Bai and Eric Leeper",
note = "This is the author{\textquoteright}s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economics Letters, 154, 2017 DOI: 10.1016/j.econlet.2017.03.003",
year = "2017",
month = may
doi = "10.1016/j.econlet.2017.03.003",
language = "English",
volume = "154",
pages = "105--108",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - Fiscal stabilization vs. passivity

AU - Bai, Yuting

AU - Leeper, Eric

N1 - This is the author’s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economics Letters, 154, 2017 DOI: 10.1016/j.econlet.2017.03.003

PY - 2017/5

Y1 - 2017/5

N2 - Fiscal policies that stabilize debt may not provide the fiscal backing necessary for monetary policy to successfully target inflation. Appropriate backing is provided by passive fiscal behavior. Understanding the distinction between stabilizing and passive fiscal policies is central to the design of fiscal rules.

AB - Fiscal policies that stabilize debt may not provide the fiscal backing necessary for monetary policy to successfully target inflation. Appropriate backing is provided by passive fiscal behavior. Understanding the distinction between stabilizing and passive fiscal policies is central to the design of fiscal rules.

KW - Fiscal policy

KW - Fiscal sustainability

KW - Monetary policy

U2 - 10.1016/j.econlet.2017.03.003

DO - 10.1016/j.econlet.2017.03.003

M3 - Journal article

VL - 154

SP - 105

EP - 108

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

ER -