Journal of the European Economic Association · 2012 · 36 citations · 29 references
Social SciencesEconomicsFinanceFinancial EconomicsMacroeconomicsPublic DebtCapital MarketsDebt DynamicsFinancial RiskFinancial StabilityMacroeconomic StabilizationMonetary PolicyDebt PersistenceDebt Response To ShocksDebt Stabilization ConditionsFinancing Under UncertaintyMonetary Policy DynamicsPolicy Making Under UncertaintyStabilization ExpectationsStabilization Under Rational Expectations
This paper develops a model of policy regime uncertainty and its consequences for stabilizing expectations. Because of learning dynamics, uncertainty about monetary and fiscal policy is shown to restrict, relative to a rational expectations analysis, the
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Are Government Bonds Net Wealth?
Robert J. Barro · Journal of Political Economy · 1974 · 5.9K citations · Full text
INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY
Michael Woodford, Carl E. Walsh · Macroeconomic Dynamics · 2005 · 5.8K citations
Social Sciences, Economics, Finance +12