A Goldilocks Theory of Fiscal Deficits

A Goldilocks Theory of Fiscal Deficits - Harvard University

Both high and low deficits can increase debt, as the latter weaken demand and reduce nom- inal growth at the ZLB. A rise in income inequality expands fiscal ...

A Goldilocks Theory of Fiscal Deficits | NBER

A Goldilocks Theory of Fiscal Deficits ... This paper proposes a tractable framework to analyze fiscal space and the dynamics of government debt, ...

A Goldilocks Theory of Fiscal Deficits | Ludwig Straub

Atif Mian, Ludwig Straub, and Amir Sufi. Working Paper. “A Goldilocks Theory of Fiscal Deficits”.

A Goldilocks Theory of Fiscal Deficits - Equitable Growth

A Goldilocks Theory of Fiscal Deficits. Atif Mian. Ludwig Straub. Amir Sufi. June 2022 https://equitablegrowth.org/working-papers/a-goldilocks-theory-of-fiscal ...

A Goldilocks Theory of Fiscal Deficits - IDEAS/RePEc

Atif R. Mian & Ludwig Straub & Amir Sufi, 2022. "A Goldilocks Theory of Fiscal Deficits," NBER Working Papers 29707, National Bureau of Economic Research, Inc.

A Goldilocks Theory of Fiscal Deficits - Becker Friedman Institute

Likewise, fiscal deficits have grown. Normally, when governments accrue deficits and increase their debt, the result is higher interest rates because the ...

A Goldilocks Theory of Fiscal Deficits - Search eLibrary :: SSRN

This paper proposes a tractable framework to analyze fiscal space and the dynamics of government debt, with a possibly binding zero lower ...

A Goldilocks Theory of Fiscal Deficits - Equitable Growth

Without the ZLB, a greater primary deficit unambiguously raises debt. However, debt need not explode: When R < G –ϕ, where ϕ is the sensitivity ...

A Goldilocks Theory of Fiscal Deficits | BFI - Becker Friedman Institute

A Goldilocks Theory of Fiscal Deficits ... This paper proposes a tractable framework to analyze fiscal space and the dynamics of government debt, with a possibly ...

A Goldilocks Theory of Fiscal Policy - IDEAS/RePEc

Rising inequality and weak aggregate demand expand fiscal space, allowing greater indefinite deficits, while slowing growth tightens the ZLB constraint, ...

“A Goldilocks Theory of Fiscal Deficits” by Mian, Straub, & Sufi

“A Goldilocks Theory of Fiscal. Deficits” by Mian, Straub, & Sufi. Discussion by Eric M. Leeper. University of Virginia. May 2024. BOK International Conference ...

A Goldilocks Theory of Fiscal Deficits

A Goldilocks Theory of. Fiscal Deficits. Atif Mian. Ludwig Straub. Amir ... deficit z. Page 45. Free lunch in the deficit debt diagram debt b.

A Goldilocks Theory of Fiscal Deficits | Request PDF - ResearchGate

First, if they occur in large countries they significantly raise the world real interest rate. Second, they cause a short run current account ... [Show full ...

[PDF] A Goldilocks Theory of Fiscal Policy∗ | Semantic Scholar

This study builds a framework of dynamic fiscal policy, showing that there exists a Goldilocks zone in which deficits are permanent but not too high, the ...

A Goldilocks Theory of Fiscal Deficits | Request PDF - ResearchGate

Similar to our perpetual youth environment, they find that a low level of government debt can increase the likelihood of a binding ELB equilibrium. ... ... Here ...

A Goldilocks Theory of Fiscal Policy by Mian, Straub and Sufi

▻ b increases from 100% to 126% due to pandemic. ▻ Maximum deficit consistent with debt sustainability? F If convenience yield constant: z = ...

Goldilocks Economy: Definition and What Makes It Work - Investopedia

A Goldilocks economy has steady economic growth, that prevents a recession but not so much growth that inflation rises by too much.

A Goldilocks Theory of Fiscal Policy

There is a maximum deficit possible in the Goldilocks zone, and the government debt level associated with that maximum deficit is crucial in determining ...

Growth stabilises debt and reduces fiscal inflation - CEPR

Traditional views on monetary-fiscal interactions suggest that fiscal deficits can be stabilised through changes in taxes, ...

Can Deficits Finance Themselves?* - MIT Economics

nominal debt, thus reducing the tax revenue needed to balance the government budget ... (2022) “A goldilocks theory of fiscal deficits.” NBER ...