This thesis develops theoretical macroeconomic models that contribute to the policy debate by providing new insights on fiscal-monetary interactions. It is comp

Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneo

This essay empirically investigates the dynamics between government debt and budget deficits in the United States during a recession as opposed to an expansion.

The initial government debt-to-GDP ratio and the government’s commitment play a pivotal role in determining the welfare-optimal speed of fiscal consolidation

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many