Student or educator? Sign up with your school email and get 6 months of Pro free.
CoChat
Sign Up
Cited by 2,058

The DOI matches its Crossref record.

Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies

Leeper, Eric M.·1991·Journal of Monetary Economics
DOI 10.1016/0304-3932(91)90007-b
Open this paper in CoChat — free account

Overview

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Integrity signals

Registry

Crossref · 10.1016/0304-3932(91)90007-b

Cites

Statistics

Verification

Claims the paper makes

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Self-check

Percentages, sums and reported differences re-computed from the paper’s own numbers.

The self-check needs the paper’s full text.

Citations

Cites

No references could be resolved yet.

Research works printed but not linked: 30

  1. Aiyagari, 1985, The backing of government debt and monetarism, Journal of Monetary Economics, 16, 19, 10.1016/0304-3932(85)90004-2 · DOI
  2. Bailey, 1956, The welfare cost of inflationary finance, Journal of Political Economy, 64, 93, 10.1086/257766 · DOI · Paper page
  3. Barro, 1979, On the determination of the public debt, Journal of Political Economy, 87, 940, 10.1086/260807 · DOI · Paper page
  4. Barro, 1989, Interest-rate targeting, Journal of Monetary Economics, 23, 3, 10.1016/0304-3932(89)90059-7 · doi:10.1016/0304-3932(89)90059-7
  5. Barro, 1983, A positive theory of monetary policy in a natural rate model, Journal of Political Economy, 91, 589, 10.1086/261167 · DOI · Paper page
  6. Black, 1972, Active and passive monetary policy in a neoclassical model, Journal of Finance, 27, 801, 10.2307/2978669 · doi:10.2307/2978669
  7. Blanchard, 1980, The solution of linear difference models under rational expectations, Econometrica, 48, 1305, 10.2307/1912186 · DOI · Paper page
  8. Dornbusch, 1990, Extreme inflation: Dynamics and stabilization, Brookings Papers on Economic Activity, 2, 1, 10.2307/2534504 · DOI
  9. Dotsey, 1983, Monetary instruments and policy rules in a rational expectation environment, Journal of Monetary Economics, 12, 357, 10.1016/0304-3932(83)90059-4 · doi:10.1016/0304-3932(83)90059-4
  10. Dwyer, 1982, Inflation and government deficits, Economic Inquiry, 20, 315, 10.1111/j.1465-7295.1982.tb00350.x · DOI
  11. Fischer, 1978, Towards an understanding of the real effects and costs of inflation, Weltwirtschaftliches Archiv, 114, 810, 10.1007/BF02696381 · DOI · Paper page
  12. Friedman, 1948, A monetary and fiscal framework for economic stability, American Economic Review, 38, 245
  13. Friedman, 1961, The lag in effect of monetary policy, Journal of Political Economy, 69, 447, 10.1086/258537 · doi:10.1086/258537
  14. Friedman, 1968, The role of monetary policy, American Economic Review, 58, 1
  15. Goodfriend, 1987, Interest rate smoothing and price level trend-stationarity, Journal of Monetary Economics, 19, 335, 10.1016/0304-3932(87)90002-X · doi:10.1016/0304-3932(87)90002-x
  16. Grossman, 1983, A transactions-based model of the monetary transmission mechanism, American Economic Review, 73, 871
  17. Joines, 1985, Deficits and money growth in the United States: 1872–1983, Journal of Monetary Economics, 16, 329, 10.1016/0304-3932(85)90040-6 · DOI
  18. King, 1985, Money, deficits, and inflation, Carnegie-Rochester Conference Series on Public Policy, 22, 147, 10.1016/0167-2231(85)90031-4 · DOI
  19. Kydland, 1977, Rules rather than discretion: The inconsistency of optimal plans, Journal of Political Economy, 85, 473, 10.1086/260580 · DOI · Paper page
  20. Lucas, 1976, Econometric policy evaluation: A critique, Carnegie-Rochester Conference Series on Public Policy, 1, 19, 10.1016/S0167-2231(76)80003-6 · DOI · Paper page
  21. McCallum, 1981, Price level determinacy with an interest rate policy rule and rational expectations, Journal of Monetary Economics, 8, 319, 10.1016/0304-3932(81)90014-3 · doi:10.1016/0304-3932(81)90014-3
  22. McCallum, 1984, Are bond-financed deficits inflationary? A Ricardian analysis, Journal of Political Economy, 92, 123, 10.1086/261211 · doi:10.1086/261211
  23. McCallum, 1986, Some issues concerning interest rate pegging, price level determinacy, and the real bills doctrine, Journal of Monetary Economics, 17, 135, 10.1016/0304-3932(86)90009-7 · doi:10.1016/0304-3932(86)90009-7
  24. Obstfeld, 1983, Speculative hyperinflations in maximizing models: Can we rule them out?, Journal of Political Economy, 91, 675, 10.1086/261171 · doi:10.1086/261171
  25. Olivera, 1970, On passive money, Journal of Political Economy, 78, 805, 10.1086/259678 · doi:10.1086/259678
  26. Papell, 1989, Monetary policy in the United States under flexible exchange rates, American Economic Review, 79, 1106
  27. Rotemberg, 1984, A monetary equilibrium model with transactions costs, Journal of Political Economy, 92, 40, 10.1086/261207 · DOI
  28. Sargent, 1975, ‘Rational’ expectations, the optimal monetary instrument, and the optimal money supply rule, Journal of Political Economy, 83, 241, 10.1086/260321 · DOI · Paper page
  29. Sargent, 1981, Some unpleasant monetarist arithmetic, Federal Reserve Bank of Minneapolis Quarterly Review, 1
  30. Simons, 1936, Rules versus authorities in monetary policy, Journal of Political Economy, 44, 1, 10.1086/254882 · DOI

Cited by

Metadata

Authors
Leeper, E. M.
Venue
Journal of Monetary Economics
Publisher
Elsevier BV
Published
1991-02
Volume
27
Issue
1
Pages
129-147
ISSN
0304-3932 (ISSN-L)
DOI
10.1016/0304-3932(91)90007-b
OpenAlex
W1985243191
Cited by
2,058
References
0
FWCI
7.37
Type
journal article
Language
en
Open access
closed
Licence
www.elsevier.com/tdm/userlicense/1.0/ (tdm)

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.