Theme: Financial Policy

Below is a listing of articles which hand the theoretical background for how I analyse financial policy. It does non include articles that are commentary on the latest developments.

• What Is Ricardian Equivalence, And Why It Does Not Hold
• What Does It Mean For Influenza A virus subtype H5N1 Debt Trajectory To Be Unsustainable? 
• Higher Debt-to-GDP Means ... Lower Bond Yields?
• When Should The Budget Be Balanced?
• Why (Central) Government Pensions Are Always Pay-As-You-Go.
• Why involvement payments create non set financial risk. 
• Demand Creates Its Own Supply: Government Bond Edition

Simulations Using Stock-Flow Consistent Models

 The articles below role Stock-Flow Consistent Models to generate simulations to illustrate diverse principles associated alongside financial policy. These models are simplified instruction tools, they are non calibrated to generate forecasts for real-world economies.

•  Why Influenza A virus subtype H5N1 Hard Debt Limit Is Influenza A virus subtype H5N1 Very Bad Idea  - simulation of an economic scheme alongside a difficult debt cap. This tells us what volition occur if the automatic stabilisers inside a modern welfare country convey been nigh off. (Spoiler: the economic scheme melts down.)
• Fiscal Policy Trade-offs: Interest Payments. 

(c) Brian Romanchuk 2013