The interactions of the monetary and
Strategic interactions between monetary and fiscal authorities in a monetary union
... 1 Introduction 1 In this paper we extend Nordhaus’ (1994) results to an environment which may represent the current European situation, characterised by a single mon- etary authority and several fiscal bodies. As a ...
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Monetary and Fiscal Interactions without Commitment and the Value of Monetary Conservatism
... discusses monetary and fiscal policy interactions with and without commitment in a static framework where monetary and fiscal policy- makers interact only ...the monetary authority chooses the ...
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Monetary-Fiscal Policy Interactions and Tests for Monetary Dominance in the West African Monetary Zone
... the monetary-fiscal policy interactions in the WAMZ as well as testing monetary dominance which is the ultimate for countries seeking to come together in a monetary ...the interactions ...
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Monetary and Fiscal Policy Interactions in a Monetary Union with Country-size Asymmetry
... strategic interactions between ...since monetary policy now has debt repercussions, enlarges the sources of strategic interactions between monetary and fiscal policies that can be differ- ...
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Monetary and fiscal policies interactions in a monetary union with country-size asymmetry
... European Monetary Union (EMU), monetary policy is decided at a cen- tralized level but fiscal policy is determined at the national level by each member country’s ...asymmetric monetary union, ...
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Strategic Interactions in U.S. Monetary and Fiscal Policies *
... both monetary and scal policy, oering fresh interpretations of monetary and scal policy ...in monetary policy at the time of the Volcker disin ation was associated with a similar switch in scal ...
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Monetary–fiscal interactions with endogenous liquidity frictions
... I develop a tractable macro model with endogenous asset liquidity to understand mone- tary–fiscal interactions with liquidity frictions. Agents face idiosyncratic investment risks and meet financial intermediaries ...
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Fiscal and Monetary Policy Interactions in New Zealand
... the interactions between monetary and fiscal ...of monetary and fiscal policy and their ...the monetary authority lowers the interest rate with increasing ...
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Monetary-Fiscal Interactions with a Conservative Central Bank
... such interactions and how they affect economic ...both monetary and fiscal ...unanticipated monetary expansion that boosts private demand; similarly, the fiscal authority thinks it can raise output ...
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Interactions between Monetary Policy and Fiscal Policy
... of monetary and fiscal policies of both authorities, and assess how they are influenced by certain economic variables and events (the Maastricht Treaty, the Stability and Growth Pact, the Euro and ...on ...
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Monetary and Fiscal Policy Interactions under a Stability Pact.
... of monetary and fiscal authorities and, especially, in anticipating the type of interactions which will prevail in ...of monetary and fiscal ...the interactions of monetary and fiscal ...
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Tracking monetary-fiscal interactions across time and space
... analyze monetary-fiscal interactions, an appropriate short-term interest rate must be chosen that reflects the monetary policy stance for the whole ...of monetary policy behavior under ...
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On optimal monetary and fiscal policy interactions in open economies
... studies monetary and fiscal policy interactions in a two country model, where taxes on firms’ sales are optimally chosen and the monetary policy is set cooper- ...optimal monetary policy ...
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Monetary and fiscal interactions : a behavioral DSGE model for Brazil
... the interactions of fiscal and monetary policies can generate results in terms of economic performance and welfare, this dissertation takes into account psychological aspects for consumers and firms in the ...
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Strategic Monetary and Fiscal Policy Interactions: An Empirical Investigation
... Strategic Monetary and Fiscal Policy Interactions: An Empirical Investigation Matteo Fragetta and Tatiana Kirsanova Paper number 07/06... lq wkh fdvh ri vfdo ohdghuvkls..[r] ...
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Essays on Monetary Policy Interactions with Fiscal Policy and Financial Markets
... dynamic monetary-fiscal interactions from a game-theoretic ...optimal monetary and fiscal policies if interacting policy makers decide on their respective instruments in a decentralized fashion? This ...
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Estimating US fiscal and monetary interactions in a time varying VAR
... cycle, monetary policy, spending, and taxes—through theo- retically robust sign ...policy interactions, the sign restrictions framework does not oblige us to impose timing assumptions regarding the ...
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Fiscal-monetary-financial stability interactions in a data-rich environment
... and monetary-financial stability interactions may be grouped into two ...of monetary and fiscal policies on the real economy and the financial sector separately, and abstracts from the interlinkages ...
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Monetary and fiscal policy interactions: national and international empirical evidence
... the interactions between monetary and fiscal policy in the United ...that monetary policy should actively respond to inflation using the nominal interest ...both monetary and fiscal ...the ...
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The spillovers, interactions, and (un)intended consequences of monetary and regulatory policies
... unconventional monetary policies—and any possible interactions—been a factor behind the recent “deglobalisation” in cross-border bank lending? To test this hypothesis, we use bank-level data from the UK—a ...
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