Philipp Lieberknecht's Books

A Model-based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance

By: Jean-Marc Fournier,Philipp Lieberknecht

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A Model-based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance

By: Jean-Marc Fournier,Philipp Lieberknecht

This paper presents a model-based fiscal Taylor rule and a toolkit to assess the fiscal stance, defined as the change in the structural primary balance. This is built on the normative buffer-stock model of the government (Fournier, 2019) which includes key channels like hysteresis, cycle-dependent multipliers and a risk premium. A simple fiscal Taylor rule prescribes the fiscal stance as a function of past government debt, past output gap and the past structural primary balance. Applications suggest several advanced economies could have better managed their fiscal stance over the last 20 years. Simulations provide fiscal stance recommendations over the medium-term.

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International Monetary Fund

Published Date

ISBN 10

1513529242

ISBN 13

9781513529240

Musica Naturalis

Speculative Music Theory and Poetics, from Saint Augustine to the Late Middle Ages in France

By: Philipp Jeserich

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Musica Naturalis

Speculative Music Theory and Poetics, from Saint Augustine to the Late Middle Ages in France

By: Philipp Jeserich

A critical study of the relationship between poetics and music theory in medieval culture and aesthetics. Musica Naturalis delivers the first systematic account of speculative music theory as a discursive horizon for literary poetics. The title refers to the late medieval French poet Eustache Deschamps, whose 1392 treatise on verse writing, L'Art de Dictier, famously casts verse as “natural music” in explicit distinction to song, which Deschamps defines as “artificial.” Philipp Jeserich links the significance of the speculative branch of medieval musicology to literary theory and literary production, opening up a field of study that has been largely neglected. Beginning with Augustine and Boethius, he traces the discourse of speculative music theory to the late fifteenth century, giving attention to medieval Latin and vernacular sources. Ultimately, Jeserich calls for the conservatism of Deschamps’s poetics and develops a new perspective on the poetics and poetry of the Grands rhétoriqueurs. Given Jeserich's reliance on the intellectual inheritance of late medieval French poetics and poetry, this book will appeal to English-speaking specialists of Old and Middle French, as well as scholars of the French Renaissance. It will also interest English-language medievalists of several other disciplines: intellectual historians and specialists of English, as well as scholars of Italian and Iberian literature.

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564

Publisher

JHU Press

Published Date

ISBN 10

1421411245

ISBN 13

9781421411248

A Model-based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance

By: Jean-Marc Fournier,Philipp Lieberknecht

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A Model-based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance

By: Jean-Marc Fournier,Philipp Lieberknecht

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

Publisher

International Monetary Fund

Published Date

ISBN 10

1513529242

ISBN 13

9781513529240

Book's by Philipp Lieberknecht

A Model-based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance

A Model-based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance

Musica Naturalis

Musica Naturalis

A Model-based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance

A Model-based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance

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