scholarly journals Fiscal Policy in a Growing Economy with Financial Frictions and Firm Heterogeneity

2016 ◽  
Vol 67 (1) ◽  
pp. 3-30 ◽  
Author(s):  
Kazuo Mino
Keyword(s):  
Fiscal Policy ◽  
Firm Heterogeneity ◽  
Financial Frictions ◽  
Growing Economy

Fiscal Policy in a Growing Economy: A Reply

1954 ◽  
Vol 62 (5) ◽  
pp. 442-442
Author(s):  
John G. Gurley
Keyword(s):  
Fiscal Policy ◽  
Growing Economy

Monetary and Fiscal Policy in a Growing Economy.

Economica ◽  
1972 ◽  
Vol 39 (154) ◽  
pp. 208
Author(s):  
Paul Davidson ◽  
D. K. Foley ◽  
M. Sidrauski
Keyword(s):  
Fiscal Policy ◽  
Growing Economy ◽  
Monetary And Fiscal Policy

Fiscal Policy in a Growing Economy: A Further Word

1956 ◽  
Vol 64 (2) ◽  
pp. 170-172 ◽  
Author(s):  
E. Cary Brown
Keyword(s):  
Fiscal Policy ◽  
Growing Economy

Liquidity, Monetary Policy, and the Financial Crisis: A New Monetarist Approach

2012 ◽  
Vol 102 (6) ◽  
pp. 2570-2605 ◽  
Author(s):  
Stephen D Williamson
Keyword(s):  
Monetary Policy ◽  
Fiscal Policy ◽  
Financial Crisis ◽  
Financial Frictions ◽  
Open Market ◽  
Public And Private ◽  
Liquidity Trap ◽  
Friedman Rule ◽  
Crisis Phenomenon ◽  
Asset Purchases

A model of public and private liquidity integrates financial intermediation theory with a New Monetarist monetary framework. Non-passive fiscal policy and costs of operating a currency system imply that an optimal policy deviates from the Friedman rule. A liquidity trap can exist in equilibrium away from the Friedman rule, and there exists a permanent nonneutrality of money, driven by an illiquidity effect. Financial frictions can produce a financial-crisis phenomenon that can be mitigated by conventional open market operations working in an unconventional manner. Private asset purchases by the central bank are either irrelevant or they reallocate credit and redistribute income. (JEL E13, E44, E52, E62, G01)

Money-financed Fiscal Policy in a Growing Economy

1980 ◽  
Vol 88 (2) ◽  
pp. 259-287 ◽  
Author(s):  
Ettore F. Infante ◽  
Jerome L. Stein
Keyword(s):  
Fiscal Policy ◽  
Growing Economy
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