Policy Interactions
Fiscal and Monetary policy Interactions in a New Keynesian Model with Liquidity Constraints
... government spending rules. This seems to be largely due to the way in which taxation (both personal and payroll taxes) enter the model, through the role played by rule-of-thumb consumers, whose consumption depends on ...
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Monetary and budgetary-fiscal policy interactions in a Keynesian context: revisiting macroeconomic governance
... macroeconomic policy target in such a way that the policy mix may anchor the system far from full ...economic policy) of what New Keynesians have referred to as unemployment ...for policy ...
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Debt Non-Neutrality, Policy Interactions, and Macroeconomic Stability
... fiscal-monetary policy interactions for macroeconomic stability in models where the stock of outstanding government bonds is non-neutral with respect to aggregate ...public policy debates in Eu- rope ...
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Monetary and fiscal policy interactions: national and international empirical evidence
... fiscal policy interactions and its implication for the US ...fiscal policy on the economy, as discussed earlier, there is a potential omitted variable bias in the existent empirical literature on the ...
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Monetary and fiscal policy interactions with central bank transparency and public investment
... Typical models on monetary policy transparency usually consider two players, the monetary authority and the private sector. Departing from this approach, several authors introduce monetary and fiscal policy ...
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Monetary and Fiscal Policy Interactions in a Monetary Union with Country-size Asymmetry
... fiscal policy spillovers are smaller, the government of a small country faces accrued incentives towards fiscal policy activism, while that of a large country faces opposite ...debt-unconstrained ...
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Fiscal and Monetary Policy Interactions in a New Keynesian Model with Liquidity Constraints
... some policy analysis with our estimated ...fiscal policy rules markedly changes the performance of the monetary policy ...fiscal policy can be welfare-reducing in the presence of optimizing ...
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Monetary and fiscal policy interactions: the role of the quality of institutions in a dynamic environment
... etary policy to an independent central bank that shares the same weight on output considerations as the government will result in different debt policies for different institutional ...monetary policy ...
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Food and Agriculture Organization GENEVA TIMBER AND FOREST DISCUSSION PAPER 42 FORESTS, WOOD AND ENERGY: POLICY INTERACTIONS
... broader policy frameworks, for renewable energies and for the forest and timber sector, taking account of the legitimate interests of all stakeholders, including some wood-using industries who would face increased ...
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Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers
... The main contribution of this paper is to show how this logic needs to be modified in an environment which departs from Ricardian equivalence, implying that equilibrium dy- namics are driven by a genuine interaction of ...
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The Implication of Monetary and Fiscal Policy Interactions for the Price Levels: the Fiscal Theory of the Price Level Revisited
... the interactions between monetary and fiscal policy in the United ...monetary policy should actively respond to inflation using the nominal interest ...fiscal policy should have a less ...
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Taming macroeconomic instability: Monetary and macro-prudential policy interactions in an agent-based model
... in the CAR3 + CCB scenario are almost as good as the ones attained in the Basel III one, but with a much more simplified regulatory framework (in the case of output gap volatility, they are even better). This supports ...
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Fiscal and Monetary Policy Interactions in Pakistan Using a Dynamic Stochastic General Equilibrium Framework
... monetary policy in order to discourage government borrowing from the domestic banking system and non-bank financial institutions, particularly from the state bank of ...fiscal policy coordination board was ...
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Monetary-Fiscal Policy Interactions and Fiscal Stimulus
... monetary policy and active fiscal policy—higher government spending consistently raises both output and consump- ...monetary policy does not increase nominal rates strongly with inflation, so the ...
41
Monetary-fiscal policy interactions and fiscal stimulus
... fiscal policy behavior. Studies that impose active monetary policy and passive fiscal policy typically find that government consumption crowds out private consumption: higher future taxes create a ...
41
Dialectic Approaches and Public Policy Interactions for Social, Environmental and Health Problems: Challenges for Health Promotion across Territorial Scales
... Hancock (2011) [16] and Kickbusch (2007) [17] emphasize that the principles of the Ottawa Charter for health promotion are very important challenges not only for the current, but especially for the future generations of ...
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Policy Rule Coefficients Driven by Latent Factors: Monetary and Fiscal Policy Interactions in an Endowment Economy
... monetary policy has reacted strongly with respect to ...that policy has been ...monetary policy rule coefficient during the 1970s and early ...monetary policy was found to be ...the ...
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Fiscal and Monetary Policy Interactions: Empirical Evidence and Optimal Policy Using a Structural New Keynesian Model
... monetary policy instruments to each other do tend to depend critically on the nature of the shocks hitting the ...two policy in- struments in response to unexpected shocks in the policy rules, our ...
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Policy Interactions at the Farm Level: An Evaluation of Participation in the Conservation Reserve Program and Related Policy Decisions
... Other aspects of recent farm legislation also have important implications for the structure of U.S. agriculture. Several specific provisions of the 1996 FAIR Act brought about signif- icant changes in U.S. agricultural ...
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Interactions Between Sovereign Debt Management and Monetary Policy Under Fiscal Dominance and Financial Instability
... debt for macroeconomic objectives. Without such a framework, even rational policies that economic theory suggests will work may just deepen uncertainty. Markets need to understand what governments or central banks are ...
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