Policymakers are stuck in time. Political short-termism, policy myopia, policy short-
sightedness, and similar words have been coined to emphasize the present-centric policy …

Purpose The article develops a model to interpret the 2010–2018 financial crisis in Greece,
Portugal, Ireland, Spain and Cyprus, and the loan programs from the IL (International …

In this paper, we examine a public debt stabilization in a country under inflation targeting by
arguing that bond yields are sensitive to inflation risks. Endogenously defining the …

A two-period game between a country and an international lender is developed. In each
period the country can repay debt, borrow from international credit markets, loan from an …

We investigate a stochastic optimal control model for the management of public debt when
part of the national debt is transferred to a Redemption Fund, which is allowed to finance …

Is a debt‐concerned monetary authority desirable? This article deals with the impact of fiscal‐
monetary policy interactions in a monetary union on country‐specific and union‐wide debt …

We investigate the feasibility of a Redemption Fund (RF) financed through the commitment
to transfer future fiscal resources. An RF is an interesting option for countries with high debt …

هماهنگی سیاست‌های پولی و مالی برای دست‌یابی به رشد اقتصادی در بستر ثبات قیمت‌ها در نظریه
بازی بر اساس تعامل افراد و تصمیمات آن‌ها مورد بررسی قرار می‌گیرد. در پژوهش حاضر، هماهنگی …‎

In this paper, the monetary conditions are observed through loans to the central government,
loans to the local government, loans to non-financial associations, excess liquidity and the …