FTPL and the maturity structure of government debt in the New-Keynesian Model
MO Liemen, O Posch - Available at SSRN 4157228, 2022 - papers.ssrn.com
In this paper, we revisit the fiscal theory of the price level (FTPL) within the New Keynesian
(NK) model. We show in which cases the average maturity of government debt matters for …
(NK) model. We show in which cases the average maturity of government debt matters for …
Resurrecting the new-keynesian model:(un) conventional policy and the taylor rule
O Posch - 2018 - papers.ssrn.com
This paper explores the ability of the New-Keynesian (NK) model to explain the recent
periods of quiet and stable inflation at near-zero nominal interest rates. We show how …
periods of quiet and stable inflation at near-zero nominal interest rates. We show how …