Issues in the design of fiscal policy rules by Wren-Lewis, S, Portes, J

“…In more normal times, the design of fiscal policy rules is likely to depend on the extent to which governments are subject to deficit bias, and the effectiveness of any national fiscal council. …”

Comparing the delegation of monetary and fiscal policy by Wren-Lewis, S

“…This paper examines how useful a comparison between monetary and fiscal policy can be in motivating and guiding Fiscal Councils. …”

Comparing the delegation of monetary and fiscal policy. by Wren-Lewis, S

“…This paper examines how useful a comparison between monetary and fiscal policy can be in motivating and guiding Fiscal Councils. …”

Interactions between Monetary and Fiscal Policy Rules. by Leith, C, Wren-Lewis, S

“…The Fiscal Stability Pact for EMU implies that constraints on fiscal policy facilitate inflation control. In this paper we identify two stable policy regimes. …”

Fiscal Policy, Interest Rate Shocks and Prices. by Leith, C, Warren, P, Wren-Lewis, S

“…Governments have, in the past, sometimes combined a monetary policy involving setting nominal interest rates with a fiscal policy that only weakly targeted its debt stock. …”

Optimal Fiscal Policy Rules in a Monetary Union. by Kirsanova, T, Satchi, M, Vines, D, Wren-Lewis, S

“…This paper investigates the importance of fiscal policy in providing macroeconomic stabilization in a monetary union. …”

Lessons from failure: Fiscal policy, indulgence and ideology. by Wren-Lewis, S

“…This paper suggests that policy has been influenced by an opposition to countercyclical fiscal policy which has ideological roots.…”

Optimal Fiscal Policy Rules in a Monetary Union. by Kirsanova, T, Satchi, M, Vines, D, Wren-Lewis, S

“…This paper investigates the importance of fiscal policy in providing macroeconomic stabilisation in a monetary union. …”

Compatibility between Monetary and Fiscal Policy under EMU. by Leith, C, Wren-Lewis, S

“…The debate over the Stability and Growth Pact (SGP) as a part of European Monetary Union, has highlighted the need to assess the extent to which fiscal policies of union members should be constrained as a pre-requisite for price stability within the union. …”

Fiscal Policy and Macroeconomic Stability Within a Currency Union. by Kirsanova, T, Vines, D, Wren-Lewis, S

“…This cyclical instability can be mitigated if fiscal policy in each member country reacts to inflation differences, but it can be aggravated if fiscal feedback on debt is too strong.…”

The Macroeconomic Effects of Fiscal Policy: Linking an Econometric Model with Theory. by Wren-Lewis, S

“…The technique is illustrated using fiscal policy changes and the U.K. econometric model COMPACT. …”

Interactions between Monetary and Fiscal Policy under Flexible Exchange Rates. by Leith, C, Wren-Lewis, S

“…We show in this context that the implications of lax fiscal policy in country A are significant for country B. …”

Macroeconomic policy in light of the credit crunch: The return of counter-cyclical fiscal policy? by Wren-Lewis, S

“…The current recession does require a re-evaluation of the role fiscal policy can play when interest rates hit a zero bound. …”

Monetary and Fiscal Policy Interaction: The Current Consensus Assignment in the Light of Recent Developments by Wren-Lewis, S, Leith, C, Kirsanova, T

Monetary and fiscal policy interaction: The current consensus assignment in the light of recent developments. by Kirsanova, T, Leith, C, Wren-Lewis, S

“…In the last few years papers have begun to analyse optimal monetary and fiscal policy in models incorporating nominal rigidities where social welfare is derived from the utility of agents. …”

The Compatibility between Monetary and Fiscal Policies in EMU: A Perspective from the Fiscal Theory of the Price Level. by Wren-Lewis, S

Interactions between Monetary Policy and Fiscal Rules. by Leith, C, Wren-Lewis, S

“…The Fiscal Stability Pact for EMU suggests that constraints on fiscal policy are thought by policy makers to be necessary to ensure that the independent European central bank can control inflation. …”

What should fiscal councils do? by Lars Calmfors, L, Wren-Lewis, S

“…Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. …”

Fiscal Stabilization Policy and Fiscal Institutions. by Leith, C, Wren-Lewis, S

“…In this paper we analyse counter-cyclical fiscal policy within the context of a microfounded analysis of business-cycle stabilization. …”

The Limits to Discretionary Fiscal Stabilization Policy. by Wren-Lewis, S

“…The use of discretionary fiscal policy as a counter-cyclical tool has declined in popularity over the last 30 years. …”