2 Works

Monetary Commitment and the Level of Public Debt

Stefano Gnocchi & Luisa Lambertini
We analyze the interaction between committed monetary policy and discretionary fiscal policy in a model with public debt, endogenous government expenditures, distortive taxation and nominal rigidities. Fiscal decisions lack commitment but are Markov-perfect. Monetary commitment to an interest rate path leads to a unique level of debt. This level of debt is positive if the central bank adopts closed-loop strategies that raise the real interest rate when inflation is above target owing to fiscal deviations....

Diversity, equity, and inclusion in engineering education: an exploration of European higher education institutions’ strategic frameworks, resources, and initiatives

I. Direito, Shannon Chance, L. Clemmensen, S. Craps, S.B. Economides, S.R. Isaac, A.M. Jolly, F.R. Truscott & N. Wint

Registration Year

  • 2021
    2

Resource Types

  • Text
    2

Affiliations

  • École Polytechnique Fédérale de Lausanne
    2
  • University College London
    1
  • Technical University of Denmark
    1
  • Technological University Dublin
    1
  • Swansea University
    1
  • Bank of Canada
    1
  • KU Leuven
    1