1,623
Views
2
CrossRef citations to date
0
Altmetric
Research article

Monetary policy with non-separable government spending

ORCID Icon
Pages 426-449 | Received 31 Oct 2019, Accepted 10 Jun 2020, Published online: 20 Jul 2020

References

  • Barro, R. (1990). Government spending in a simple model of endogenous growth. Journal of Political Economy, 98(5, Part 2), S103–S126.
  • Barro, R., & Sala-i Martin, X. (1992). Public finance in models of economic growth. Review of Economic Studies, 59(4), 645–661.
  • Baxter, M., & King, R. G. (1993). Fiscal policy in general equilibrium. The American Economic Review, 83(3), 315–334.
  • Bouakez, H., & Rebei, N. (2007). Why does private consumption rise after a government spending shock? (pourquoi est-ce que la consommation privée augmente après un choc de dépenses gouvernementales?). The Canadian Journal of Economics/Revue Canadienne d’Economique, 40(3), 954–979.
  • Bullard, J., & Mitra, K. (2002). Learning about monetary policy rules. Journal of Monetary Economics, 49(6), 1105–1129.
  • Calvo, G. A. (1983). Staggered prices in a utility-maximizing framework. Journal of Monetary Economics, 12(3), 383–398.
  • Cantore, C., Levine, P., & Melina, G. (2014). On habit and utility-enhancing government consumption [Discussion Paper Series 14/06].
  • Christiano, L., Eichenbaum, M., & Rebelo, S. (2011). When is the government spending multiplier large? Journal of Political Economy, 119(1), 78–121.
  • Coenen, G., & Straub, R. (2005). Does government spending crowd in private consumption? Theory and empirical evidence for the euro area*. International Finance, 8(3), 435–470.
  • Cogan, J. F., Cwik, T., Taylor, J., & Wieland, V. (2010). New keynesian versus old Keynesian government spending multipliers. Journal of Economic Dynamics and Control, 34(3), 281–295.
  • Davig, T., & Leeper, E. (2011). Monetary-fiscal policy interactions and fiscal stimulus. European Economic Review, 55(2), 211–227.
  • Dixit, A., & Stiglitz, J. (1977). Monopolistic competition and optimum product diversity. American Economic Review, 67(3), 297–308.
  • Eggertsson, G. (2011). What fiscal policy is effective at zero interest rates? (Tech. Rep.).
  • Ercolani, V., & E Azevedo, J. V. (2014). The effects of public spending externalities. Journal of Economic Dynamics and Control, 46, 173–199.
  • Gali, J. (2008). Introduction to monetary policy, inflation, and the business cycle: An introduction to the new keynesian framework.
  • Gali, J., Lopez-Salido, D., & Vallés, J. (2007). Understanding the effects of government spending on consumption. Journal of the European Economic Association, 5(1), 227–270.
  • Gali, J., & Monacelli, T. (2008). Optimal monetary and fiscal policy in a currency union. Journal of International Economics, 76(1), 116–132.
  • Galí, J., & Monacelli, T. (2005). Monetary policy and exchange rate volatility in a small open economy. Review of Economic Studies, 72(3), 707–734.
  • Ganelli, G. (2003). Useful government spending, direct crowding-out and fiscal policy interdependence. Journal of International Money and Finance, 22(1), 87–103.
  • Koh, W. C. (2017). Fiscal multipliers: New evidence from a large panel of countries. Oxford Economic Papers, 69(3), 569–590.
  • Obstfeld, M., & Rogoff, K. (1995). Exchange rate dynamics redux. Journal of Political Economy, 103(3), 624–660.
  • Obstfeld, M., & Rogoff, K. (1996). Foundations of international macroeconomics (Vol. 1, 1st ed.). The MIT Press.
  • Pieschacon, A. (2012). The value of fiscal discipline for oil-exporting countries. Journal of Monetary Economics, 59(3), 250–268.
  • Rotemberg, J. (1982). Sticky prices in the united states. Journal of Political Economy, 90(6), 1187–1211.
  • Sims, E., & Wolff, J. (2018). The output and welfare effects pf government spending shocks over the business cycle. International Economic Review, 59(3), 1403–1435.
  • Smets, F., & Wouters, R. (2007). Shocks and frictions in us business cycles: A bayesian dsge approach. American Economic Review, 97(3), 586–606.
  • Taylor, J. B. (1993). Discretion versus policy rules in practice. Carnegie-Rochester Conference Series on Public Policy, 39, 195–214.
  • Woodford, M. (2011). Simple analytics of the government expenditure multiplier. American Economic Journal: Macroeconomics, 3(1), 1–35.