Fiscal policies in an intertemporal disequilibrium macroeconomic model

Article Abstract:

A two-period intertemporal temporary equilibrium with rationing macroeconomic model is presented for the purpose of addressing effects of current and anticipated fiscal expansion. The model involves providing macroeconomic foundations for consumption and investment decisions. Among the results are findings that future government spending increases may be expansionary if tax financed, but current government expenditure rise is contractionary if bonds are used for financing.

Models, Economic aspects, Government spending policy, Macroeconomics

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Some fiscal implications of monetary policy

Article Abstract:

The authors find that the European Central bank ought to broaden its targeting procedures because countercyclical monetary policy causes higher taxes and interest and lower tax rate variatility, consumption, and output.

Public Finance Activities, Fiscal Policy, Monetary policy

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A theory of credit ceilings in a model of debt and renegotiation

Article Abstract:

A model whereby an entrepreneur uses debt to fund a risky investment project is considered.

Usage, Finance, Investments, Debt

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