@timwillems.bsky.social
Reposted
Staff Working Paper 1137 by Tim Willems (BoE) and Thomas Norman (Oxford) examines the importance of fiscal-monetary interactions for inflation outcomes via a game-theoretic approach. 🔗 Read the paper here: www.bankofengland.co.uk/working-pape...
A game-theoretic foundation for the fiscal theory of the price level
Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.
www.bankofengland.co.uk
August 5, 2025 at 1:01 PM
Staff Working Paper 1137 by Tim Willems (BoE) and Thomas Norman (Oxford) examines the importance of fiscal-monetary interactions for inflation outcomes via a game-theoretic approach. 🔗 Read the paper here: www.bankofengland.co.uk/working-pape...
Reposted
Food for thought!
"Monetary policy along the yield curve: why can central banks affect long-term real rates?" by Paul Beaudry, Paolo Cavallino, and Tim Willems.
www.bankofengland.co.uk/working-pape...
"Monetary policy along the yield curve: why can central banks affect long-term real rates?" by Paul Beaudry, Paolo Cavallino, and Tim Willems.
www.bankofengland.co.uk/working-pape...
February 21, 2025 at 9:47 PM
Food for thought!
"Monetary policy along the yield curve: why can central banks affect long-term real rates?" by Paul Beaudry, Paolo Cavallino, and Tim Willems.
www.bankofengland.co.uk/working-pape...
"Monetary policy along the yield curve: why can central banks affect long-term real rates?" by Paul Beaudry, Paolo Cavallino, and Tim Willems.
www.bankofengland.co.uk/working-pape...
In my 1st BS(?) post, I’m happy to tell you about a new paper with Paul Beaudry & Paolo Cavallino. In it, we argue that monetary policy may be driving secular trends in real interest rates because very persistent rate changes have only weak effects on activity [1/7]
February 21, 2025 at 3:51 PM
In my 1st BS(?) post, I’m happy to tell you about a new paper with Paul Beaudry & Paolo Cavallino. In it, we argue that monetary policy may be driving secular trends in real interest rates because very persistent rate changes have only weak effects on activity [1/7]