Blar i Arbeidsnotater / Working Papers på emneord "fiscal policy"
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Fiscal Policy Under Inflation Targeting
(Working Papers;15/2000, Working paper, 2000)The paper discusses the role of fiscal policy as an instrument for macroeconomic stabilisation when monetary policy pursues inflation targeting. Within a theoretical model of an open economy with a traded and non-traded ... -
Is the Price Level in Norway Determined by Fiscal Policy?
(Working Papers;5/2005, Working paper, 2005)The Norwegian public sector has net financial assets. The fiscal theory of price determination applies equally to Norway and economies with net public debt: If primary surpluses evolve independently of nominal debt (or ... -
Marriner S. Eccles and the 1951 Treasury–Federal Reserve Accord: Lessons for Central Bank Independence
(Working Papers;6/2014, Working paper, 2014)The 1951 Treasury–Federal Reserve Accord is an important milestone in central bank history. It led to a lasting separation between monetary policy and the Treasury's debtmanagement powers and established an independent ... -
Savers, Spenders and Fiscal Policy in a Small Open Economy
(Working Papers;18/2004, Working paper, 2004)This paper analyzes the effects of fiscal policy in an open economy. We extend the savers-spenders theory of Mankiw (2000) to a small open economy with endogenous labor supply. We first show how the Dornbusch (1983) ...