2023

Chen, X., Leith, C. and Ricci, M. (2023) Evaluating fiscal policy reforms using the fiscal frontier. Journal of Economic Dynamics and Control, (Accepted for Publication)

2022

Chen, X., Leeper, E. M. and Leith, C. (2022) Strategic interactions in U.S. monetary and fiscal policies. Quantitative Economics, 13(2), pp. 593-628. (doi: 10.3982/QE1678)

2021

Flamini, F. and Leith, C. (2021) Political conflict and bargaining in a new Keynesian model of fiscal stabilization. Macroeconomic Dynamics, 25(8), pp. 2128-2179. (doi: 10.1017/S1365100519000993)

Leeper, E. M., Leith, C. and Liu, D. (2021) Optimal time-consistent monetary, fiscal and debt maturity policy. Journal of Monetary Economics, 117, pp. 600-617. (doi: 10.1016/j.jmoneco.2020.03.015)

2018

Leith, C. , Moldovan, I. and Wren-Lewis, S. (2018) Debt stabilization in a Non-Ricardian economy. Macroeconomic Dynamics, 23(6), pp. 2509-2543. (doi: 10.1017/S1365100517000797)

Bi, H., Leeper, E. M. and Leith, C. (2018) Sovereign default and monetary policy tradeoffs. International Journal of Central Banking, 14(3), pp. 289-324.

2017

Chen, X., Kirsanova, T. and Leith, C. (2017) How optimal is US monetary policy? Journal of Monetary Economics, 92, pp. 96-111. (doi: 10.1016/j.jmoneco.2017.09.009)

Chen, X., Kirsanova, T. and Leith, C. (2017) An empirical assessment of optimal monetary policy in the Euro area. European Economic Review, 100, pp. 95-115. (doi: 10.1016/j.euroecorev.2017.07.012)

Bai, Y., Kirsanova, T. and Leith, C. (2017) Nominal targeting in an economy with government debt. European Economic Review, 94, pp. 103-125. (doi: 10.1016/j.euroecorev.2017.02.011)

2016

Leeper, E. M. and Leith, C. (2016) Understanding inflation as a joint monetary-fiscal phenomenon. In: Taylor, J. B. and Uhlig, H. (eds.) Handbook of Macroeconomics Volume 2. Elsevier: Amsterdam, pp. 2305-2409. ISBN 9780444594778 (doi: 10.1016/bs.hesmac.2016.03.012)

Leith, C. and Liu, D. (2016) The inflation bias under Calvo and Rotemberg pricing. Journal of Economic Dynamics and Control, 73, pp. 283-297. (doi: 10.1016/j.jedc.2016.09.002)

Leeper, E. M. and Leith, C. (2016) Understanding Inflation as a Joint Monetary-Fiscal Phenomenon. Working Paper. National Bureau of Economic Research, Cambridge, Massachusetts. (doi: 10.3386/w21867).

2015

Leith, C. , Moldovan, I. and Rossi, R. (2015) Monetary and fiscal policy under deep habits. Journal of Economic Dynamics and Control, 52, pp. 55-74. (doi: 10.1016/j.jedc.2014.11.005)

2013

Bi, H., Leeper, E.M. and Leith, C. (2013) Uncertain fiscal consolidations. Economic Journal, 123(566), F31-F63. (doi: 10.1111/ecoj.12011)

Leith, C. and Wren-Lewis, S. (2013) Fiscal sustainability in a new Keynesian model. Journal of Money, Credit and Banking, 45(8), pp. 1477-1516. (doi: 10.1111/jmcb.12060)

2012

Leith, C. , Moldovan, I. and Rossi, R. (2012) Optimal monetary policy in a new Keynesian model with habits in consumption. Review of Economic Dynamics, 15(3), pp. 416-435. (doi: 10.1016/j.red.2012.03.001)

Bi, H., Leeper, E.M. and Leith, C.B. (2012) Uncertain fiscal consolidations. Working Paper. National Bureau of Economic Research. (doi: 10.3386/w17844).

Leith, C. and Wren-Lewis, S. (2012) Fiscal sustainability in a new Keynesian model - additional appendix. (Unpublished)

2011

Leith, C. and Wren-Lewis, S. (2011) Discretionary policy in a monetary union with sovereign debt. European Economic Review, 55(1), pp. 93-117. (doi: 10.1016/j.euroecorev.2010.11.007)

2009

Kirsanova, T. , Leith, C. and Wren-Lewis, S. (2009) Monetary and fiscal policy interaction: the current consensus assignment in the light of recent developments. Economic Journal, 119(541), F482-F496. (doi: 10.1111/j.1468-0297.2009.02317.x)

Leith, C. and Wren-Lewis, S. (2009) Electoral uncertainty, the deficit bias and the electoral cycle in a New Keynesian economy. Discussion Paper. Oxford University Press.

Haruyama, T. and Leith, C. (2009) Unemployment and the productivity slowdown: an effciency wage perspective. Japanese Economic Review, 61(3), pp. 301-319. (doi: 10.1111/j.1468-5876.2009.00492.x)

Leith, C. and Wren-Lewis, S. (2009) Taylor rules in the open economy. European Economic Review, 53(8), pp. 971-995. (doi: 10.1016/j.euroecorev.2009.04.009)

2008

Leith, C. and von Thadden, L. (2008) Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers. Journal of Economic Theory, 140(1), pp. 279-313. (doi: 10.1016/j.jet.2007.07.005)

Leith, C. and Wren-Lewis, S. (2008) Interactions between monetary and fiscal policy under flexible exchange rates. Journal of Economic Dynamics and Control, 32(9), pp. 2854-2882. (doi: 10.1016/j.jedc.2007.11.005)

2007

Kirsanova, T. , Leith, C. and Wren-Lewis, S. (2007) Optimal debt policy, and an institutional proposal to help in its implementation. European Economy Economics Papers, 275, pp. 269-296.

Leith, C. and Malley, J. (2007) Estimated open economy New Keynesian Phillips curves for the G7. Open Economies Review, 18, pp. 405-426. (doi: 10.1007/s11079-007-9008-x)

Leith, C. and Malley, J. (2007) A sectoral analysis of price-setting behavior in US manufacturing industries. Review of Economics and Statistics, 89, pp. 335-342. (doi: 10.1162/rest.89.2.335)

2006

Andrés, J., Doménech, R. and Leith, C. (2006) Fiscal policy, macroeconomic stability and finite horizons. Scottish Journal of Political Economy, 53(1), pp. 72-89. (doi: 10.1111/j.1467-9485.2005.00371.x)

Kirsanova, T. , Leith, C. and Wren-Lewis, S. (2006) Should central banks target consumer prices or the exchange rate? Economic Journal, 116(512), F208-F231. (doi: 10.1111/j.1468-0297.2006.01097.x)

Kirsanova, T. , Leith, C. and Wren-Lewis, S. (2006) Optimal debt policy. In: Ayuso-i-Casals, J., Deroose, S., Flores, E. and Moulin, L. (eds.) The Role of Fiscal Rules and Institutions in Shaping Budgetary Outcomes. Series: Economic Papers (275). European Commission Directorate General for Economic and Financial Affairs: Brussels, pp. 269-296. ISBN 9789279046285

Leith, C. and Wren-Lewis, S. (2006) Compatibility between monetary and fiscal policy under EMU. European Economic Review, 50, pp. 1529-1556. (doi: 10.1016/j.euroecorev.2005.04.003)

2005

Leith, C. and Malley, J. (2005) Estimated general equilibrium models for the evaluation of monetary policy in the US and Europe. European Economic Review, 49, pp. 2137-2159. (doi: 10.1016/j.euroecorev.2004.09.010)

Leith, C. and Wren-Lewis, S. (2005) Fiscal stabilization policy and fiscal institutions. Oxford Review of Economic Policy, 21(4), pp. 584-597. (doi: 10.1093/oxrep/gri033)

2004

Leith, C. (2004) Comments on “Monetary and fiscal interactions in open economies". Journal of Macroeconomics, 26(2), pp. 349-352. (doi: 10.1016/j.jmacro.2003.11.008)

2003

Leith, C., Warren, P. and Wren-Lewis, S. (2003) Fiscal policy, interest rate shocks and prices. Economic Modelling, 20, pp. 361-382.

2001

Leith, C. and Wren-Lewis, S. (2001) Interest rate feedback rules in an open economy with forward looking inflation. Oxford Bulletin of Economics and Statistics, 63, pp. 209-231.

2000

Leith, C. and Wren-Lewis, S. (2000) Interactions between monetary and fiscal policy rules. Economic Journal, 110(462), pp. 93-108. (doi: 10.1111/1468-0297.00523)

Articles

Chen, X., Leith, C. and Ricci, M. (2023) Evaluating fiscal policy reforms using the fiscal frontier. Journal of Economic Dynamics and Control, (Accepted for Publication)

Chen, X., Leeper, E. M. and Leith, C. (2022) Strategic interactions in U.S. monetary and fiscal policies. Quantitative Economics, 13(2), pp. 593-628. (doi: 10.3982/QE1678)

Flamini, F. and Leith, C. (2021) Political conflict and bargaining in a new Keynesian model of fiscal stabilization. Macroeconomic Dynamics, 25(8), pp. 2128-2179. (doi: 10.1017/S1365100519000993)

Leeper, E. M., Leith, C. and Liu, D. (2021) Optimal time-consistent monetary, fiscal and debt maturity policy. Journal of Monetary Economics, 117, pp. 600-617. (doi: 10.1016/j.jmoneco.2020.03.015)

Leith, C. , Moldovan, I. and Wren-Lewis, S. (2018) Debt stabilization in a Non-Ricardian economy. Macroeconomic Dynamics, 23(6), pp. 2509-2543. (doi: 10.1017/S1365100517000797)

Bi, H., Leeper, E. M. and Leith, C. (2018) Sovereign default and monetary policy tradeoffs. International Journal of Central Banking, 14(3), pp. 289-324.

Chen, X., Kirsanova, T. and Leith, C. (2017) How optimal is US monetary policy? Journal of Monetary Economics, 92, pp. 96-111. (doi: 10.1016/j.jmoneco.2017.09.009)

Chen, X., Kirsanova, T. and Leith, C. (2017) An empirical assessment of optimal monetary policy in the Euro area. European Economic Review, 100, pp. 95-115. (doi: 10.1016/j.euroecorev.2017.07.012)

Bai, Y., Kirsanova, T. and Leith, C. (2017) Nominal targeting in an economy with government debt. European Economic Review, 94, pp. 103-125. (doi: 10.1016/j.euroecorev.2017.02.011)

Leith, C. and Liu, D. (2016) The inflation bias under Calvo and Rotemberg pricing. Journal of Economic Dynamics and Control, 73, pp. 283-297. (doi: 10.1016/j.jedc.2016.09.002)

Leith, C. , Moldovan, I. and Rossi, R. (2015) Monetary and fiscal policy under deep habits. Journal of Economic Dynamics and Control, 52, pp. 55-74. (doi: 10.1016/j.jedc.2014.11.005)

Bi, H., Leeper, E.M. and Leith, C. (2013) Uncertain fiscal consolidations. Economic Journal, 123(566), F31-F63. (doi: 10.1111/ecoj.12011)

Leith, C. and Wren-Lewis, S. (2013) Fiscal sustainability in a new Keynesian model. Journal of Money, Credit and Banking, 45(8), pp. 1477-1516. (doi: 10.1111/jmcb.12060)

Leith, C. , Moldovan, I. and Rossi, R. (2012) Optimal monetary policy in a new Keynesian model with habits in consumption. Review of Economic Dynamics, 15(3), pp. 416-435. (doi: 10.1016/j.red.2012.03.001)

Leith, C. and Wren-Lewis, S. (2012) Fiscal sustainability in a new Keynesian model - additional appendix. (Unpublished)

Leith, C. and Wren-Lewis, S. (2011) Discretionary policy in a monetary union with sovereign debt. European Economic Review, 55(1), pp. 93-117. (doi: 10.1016/j.euroecorev.2010.11.007)

Kirsanova, T. , Leith, C. and Wren-Lewis, S. (2009) Monetary and fiscal policy interaction: the current consensus assignment in the light of recent developments. Economic Journal, 119(541), F482-F496. (doi: 10.1111/j.1468-0297.2009.02317.x)

Haruyama, T. and Leith, C. (2009) Unemployment and the productivity slowdown: an effciency wage perspective. Japanese Economic Review, 61(3), pp. 301-319. (doi: 10.1111/j.1468-5876.2009.00492.x)

Leith, C. and Wren-Lewis, S. (2009) Taylor rules in the open economy. European Economic Review, 53(8), pp. 971-995. (doi: 10.1016/j.euroecorev.2009.04.009)

Leith, C. and von Thadden, L. (2008) Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers. Journal of Economic Theory, 140(1), pp. 279-313. (doi: 10.1016/j.jet.2007.07.005)

Leith, C. and Wren-Lewis, S. (2008) Interactions between monetary and fiscal policy under flexible exchange rates. Journal of Economic Dynamics and Control, 32(9), pp. 2854-2882. (doi: 10.1016/j.jedc.2007.11.005)

Kirsanova, T. , Leith, C. and Wren-Lewis, S. (2007) Optimal debt policy, and an institutional proposal to help in its implementation. European Economy Economics Papers, 275, pp. 269-296.

Leith, C. and Malley, J. (2007) Estimated open economy New Keynesian Phillips curves for the G7. Open Economies Review, 18, pp. 405-426. (doi: 10.1007/s11079-007-9008-x)

Leith, C. and Malley, J. (2007) A sectoral analysis of price-setting behavior in US manufacturing industries. Review of Economics and Statistics, 89, pp. 335-342. (doi: 10.1162/rest.89.2.335)

Andrés, J., Doménech, R. and Leith, C. (2006) Fiscal policy, macroeconomic stability and finite horizons. Scottish Journal of Political Economy, 53(1), pp. 72-89. (doi: 10.1111/j.1467-9485.2005.00371.x)

Kirsanova, T. , Leith, C. and Wren-Lewis, S. (2006) Should central banks target consumer prices or the exchange rate? Economic Journal, 116(512), F208-F231. (doi: 10.1111/j.1468-0297.2006.01097.x)

Leith, C. and Wren-Lewis, S. (2006) Compatibility between monetary and fiscal policy under EMU. European Economic Review, 50, pp. 1529-1556. (doi: 10.1016/j.euroecorev.2005.04.003)

Leith, C. and Malley, J. (2005) Estimated general equilibrium models for the evaluation of monetary policy in the US and Europe. European Economic Review, 49, pp. 2137-2159. (doi: 10.1016/j.euroecorev.2004.09.010)

Leith, C. and Wren-Lewis, S. (2005) Fiscal stabilization policy and fiscal institutions. Oxford Review of Economic Policy, 21(4), pp. 584-597. (doi: 10.1093/oxrep/gri033)

Leith, C. (2004) Comments on “Monetary and fiscal interactions in open economies". Journal of Macroeconomics, 26(2), pp. 349-352. (doi: 10.1016/j.jmacro.2003.11.008)

Leith, C., Warren, P. and Wren-Lewis, S. (2003) Fiscal policy, interest rate shocks and prices. Economic Modelling, 20, pp. 361-382.

Leith, C. and Wren-Lewis, S. (2001) Interest rate feedback rules in an open economy with forward looking inflation. Oxford Bulletin of Economics and Statistics, 63, pp. 209-231.

Leith, C. and Wren-Lewis, S. (2000) Interactions between monetary and fiscal policy rules. Economic Journal, 110(462), pp. 93-108. (doi: 10.1111/1468-0297.00523)

Book Sections

Leeper, E. M. and Leith, C. (2016) Understanding inflation as a joint monetary-fiscal phenomenon. In: Taylor, J. B. and Uhlig, H. (eds.) Handbook of Macroeconomics Volume 2. Elsevier: Amsterdam, pp. 2305-2409. ISBN 9780444594778 (doi: 10.1016/bs.hesmac.2016.03.012)

Kirsanova, T. , Leith, C. and Wren-Lewis, S. (2006) Optimal debt policy. In: Ayuso-i-Casals, J., Deroose, S., Flores, E. and Moulin, L. (eds.) The Role of Fiscal Rules and Institutions in Shaping Budgetary Outcomes. Series: Economic Papers (275). European Commission Directorate General for Economic and Financial Affairs: Brussels, pp. 269-296. ISBN 9789279046285

Research Reports or Papers

Leeper, E. M. and Leith, C. (2016) Understanding Inflation as a Joint Monetary-Fiscal Phenomenon. Working Paper. National Bureau of Economic Research, Cambridge, Massachusetts. (doi: 10.3386/w21867).

Bi, H., Leeper, E.M. and Leith, C.B. (2012) Uncertain fiscal consolidations. Working Paper. National Bureau of Economic Research. (doi: 10.3386/w17844).

Leith, C. and Wren-Lewis, S. (2009) Electoral uncertainty, the deficit bias and the electoral cycle in a New Keynesian economy. Discussion Paper. Oxford University Press.