Andreas Schabert
Biographic Data
| ID | 5734834 |
|---|---|
| NAME | Andreas Schabert |
| GIVEN NAMES | Andreas |
| FAMILY NAME | Schabert |
| SIGNATURE | SCHABERT A |
| AFFILIATIONS | University of Cologne |
| ORCID | 0000-0002-4924-9937 |
| VERIFIED | Yes |
| TOTAL WORKS | 4 |
| TOTAL CITATIONS | 1 |
| AUTHOR COUNT | 4 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2004 |
| LATEST PUBLICATION YEAR | 2015 |
| H-INDEX | 1 |
A Monetary Analysis of Balance Sheet Policies
Journal Article A Monetary Analysis of Balance Sheet Policies Get access Markus Hörmann, Markus Hörmann German Federal Ministry of Finance Search for other works by this author on: Oxford Academic Google Scholar Andreas Schabert Andreas Schabert University of Cologne Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 125, Issue 589, 1 December 2015, Pages 1888–1917, https://doi.org/10.1111/ecoj.1…
Fiscal Rules, Interest Payments on Debt, and the Irrelevance of the Taylor Principle
We show that in N ew K eynesian models with non‐neutral government debt, the T aylor principle ceases to be relevant for equilibrium determinacy if the government follows a fiscal rule of levying taxes in proportion to its interest payments on existing debt. This is in contrast with previous studies, which typically have assumed that taxes respond to the level of debt, and have found either a confirmation or reversal of the T aylor principle depe…
Productive Government Expenditure in Monetary Business Cycle Models
This paper assesses the transmission of fiscal policy shocks in a New Keynesian framework where government expenditures contribute to aggregate production. It is shown that even if the impact of government expenditures on production is small, this assumption helps to reconcile the models' predictions about fiscal policy effects with recent empirical evidence. In particular, it is shown that government expenditures can lead to a rise in private co…
Interactions of Monetary and Fiscal Policy via Open Market Operations
We examine interactions of monetary and fiscal policy in a sticky price model where public debt is non-neutral, as it provides transaction services. This property is brought about by a legal restriction on open market operations by which only government bonds are eligible. Debt creation eases access to money and can therefore induce households to increase purchases of goods. Government expenditures, which are not completely tax financed, and defi…
A Monetary Analysis of Balance Sheet Policies
Journal Article A Monetary Analysis of Balance Sheet Policies Get access Markus Hörmann, Markus Hörmann German Federal Ministry of Finance Search for other works by this author on: Oxford Academic Google Scholar Andreas Schabert Andreas Schabert University of Cologne Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 125, Issue 589, 1 December 2015, Pages 1888–1917, https://doi.org/10.1111/ecoj.1…
Interactions of Monetary and Fiscal Policy via Open Market Operations
We examine interactions of monetary and fiscal policy in a sticky price model where public debt is non-neutral, as it provides transaction services. This property is brought about by a legal restriction on open market operations by which only government bonds are eligible. Debt creation eases access to money and can therefore induce households to increase purchases of goods. Government expenditures, which are not completely tax financed, and defi…
Productive Government Expenditure in Monetary Business Cycle Models
This paper assesses the transmission of fiscal policy shocks in a New Keynesian framework where government expenditures contribute to aggregate production. It is shown that even if the impact of government expenditures on production is small, this assumption helps to reconcile the models' predictions about fiscal policy effects with recent empirical evidence. In particular, it is shown that government expenditures can lead to a rise in private co…
Fiscal Rules, Interest Payments on Debt, and the Irrelevance of the Taylor Principle
We show that in N ew K eynesian models with non‐neutral government debt, the T aylor principle ceases to be relevant for equilibrium determinacy if the government follows a fiscal rule of levying taxes in proportion to its interest payments on existing debt. This is in contrast with previous studies, which typically have assumed that taxes respond to the level of debt, and have found either a confirmation or reversal of the T aylor principle depe…
A Monetary Analysis of Balance Sheet Policies
Journal Article A Monetary Analysis of Balance Sheet Policies Get access Markus Hörmann, Markus Hörmann German Federal Ministry of Finance Search for other works by this author on: Oxford Academic Google Scholar Andreas Schabert Andreas Schabert University of Cologne Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 125, Issue 589, 1 December 2015, Pages 1888–1917, https://doi.org/10.1111/ecoj.1…
Economics (4 works) · Monetary economics (4 works) · Monetary Policy and Economic Impact (4 works) · Fiscal Policies and Political Economy (3 works) · Fiscal policy (3 works) · Interest rate (3 works) · Macroeconomics (3 works) · Monetary policy (3 works) · Debt (2 works) · Fiscal Policy and Economic Growth (2 works)