Paul Masson - Latest

• La non-neutralité du mode de financement du gouvernement

  Technical Report No. 36 Paul Masson

  It has long been a subject of debate among economists as to whether different methods of financing government expenditures—issuing bonds or raising taxes—will bring about different effects on the economy. The purpose of this technical report is to quantify the substitution effects brought about by tax rate changes and to see to what extent they […]

  Content Type(s): Staff research, Technical reports Topic(s): Debt management JEL Code(s): H, H6, H60

• Asset Stocks and the Use of Monetary and Fiscal Policies to Reduce Inflation

  Technical Report No. 35 Paul Masson

  This paper analyzes the dynamic behaviour of a country's economy under different policy regimes, by examining the cyclical effects that occur when certain intermediate macroeconomic targets are adopted. To highlight the differences in the adjustment paths that result, the study deliberately limits policy choice: either money supply or nominal income as targets, and either real […]

  Content Type(s): Staff research, Technical reports Topic(s): Fiscal policy, Inflation and prices, Monetary policy and uncertainty JEL Code(s): E, E3, E31, E6, E63