Advanced search
Publication Cover
Applied Economics Letters Volume 22, 2015 - Issue 13
Submit an article Journal homepage
309
Views
1
CrossRef citations to date
0
Altmetric
Original Articles

Does an active fiscal policy work under a high level of government debt?

J. H. KoDepartment of Economics, Aoyama Gakuin University, Tokyo, 150-8366, JapanCorrespondence[email protected]
Pages 1083-1088 | Published online: 28 Jan 2015

References

  • Barro, R. (1974) Are government bonds net wealth?, Journal of Political Economy, 82, 1095–117. doi:10.1086/260266
  • Bi, H. (2012) Sovereign default risk premia, fiscal limits and fiscal policy, European Economic Review, 56, 389–410. doi:10.1016/j.euroecorev.2011.11.001
  • Blanchard, O. J. (1985) Debt, deficits, and finite horizons, Journal of Political Economy, 93, 223–47. doi:10.1086/261297
  • Davig, T., Leeper, E. M. and Walker, T. B. (2011) Inflation and the fiscal limit, European Economic Review, 55, 31–47. doi:10.1016/j.euroecorev.2010.11.005
  • Favero, C. and Giavazzi, F. (2007) Debt and the effects of fiscal policy, NBER Working Paper No. 12822, National Bureau of Economic Research, Inc., Cambridge, MA.
  • Ganelli, G. (2005) The new open economy macroeconomics of government debt, Journal of International Economics, 65, 167–84. doi:10.1016/j.jinteco.2004.03.001
  • Kim, S. (2004) Inflation volatility, government debts, and the fiscal theory of the price level, Economics Letters, 85, 117–21. doi:10.1016/j.econlet.2004.03.027
  • Ko, J. H. and Morita, H. (2013) Regime switches in Japanese fiscal policy: Markov–Switching VAR approach, Global COE Hi-Stat Discussion Paper Series 270, Institute of Economic Research, Hitotsubashi University, Kunitachi.
  • Leeper, E. M. (1991) Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies, Journal of Monetary Economics, 27, 129–47. doi:10.1016/0304-3932(91)90007-B
  • Phelps, E. and Taylor, J. B. (1977) Stabilizing powers of monetary policy under rational expectations, Journal of Political Economy, 85, 163–90. doi:10.1086/260550
  • Rotemberg, J. J. and Woodford, M. (1998). An optimization-based econometric framework for the evaluation of monetary policy: expanded version, NBER Technical Working Papers 0233, National Bureau of Economic Research, Inc., Cambridge, MA.
  • Schmitt-Grohe, S. and Uribe, M. (2007) Optimal simple and implementable monetary and fiscal rules, Journal of Monetary Economics, 54, 1702–25. doi:10.1016/j.jmoneco.2006.07.002
  • Sutherland, A. (1997) Fiscal crises and aggregate demand: can high public debt reverse the effects of fiscal policy?, Journal of Public Economics, 65, 147–62. doi:10.1016/S0047-2727(97)00027-3
  • Uhlig, H. (2010) Some fiscal calculus, American Economic Review, Papers and Proceedings, 100, 30–34. doi:10.1257/aer.100.2.30

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.