18 results with keyword: 'optimal monetary and fiscal policy linear quadratic approach'
When monetary policy is considered within the theory of optimal fiscal policy, it is most often in the context of models with flexible prices; in these models, monetary policy
N/A
Drupal, which is one of the most common open source CMS/Fs (http://trends. builtwith.com/cms), already presents some contributions to Bioinformatics and TM: the GMOD
N/A
The literature on optimal monetary policy typically makes three major as- sumptions: 1) policymakers’ preferences are quadratic, 2) the economy is linear, and 3) stochastic shocks
N/A
Optimal Fiscal and Monetary Policy under Sectorial Heterogeneity. Berriel, Tiago and
N/A
Chapter 3 extends Woodford’s (2010) approach to the robustly optimal monetary policy. This chapter provides algorithms to solve for a time-invariant linear robustly optimal policy in
N/A
When the set of policy instruments includes state-contingent public debt, or when both consumption and labor income taxes are used, so that the price level is not pinned down,
N/A
She uses a Ramsey framework with quadratic price adjustment costs and matching frictions in the labor market to study the implications of steady-state distortions
N/A
The two taxes, on consumption and labor income, are needed to obtain the first instrumental result, that the set of implementable allocations under flexible prices is also
N/A
This distinction between Ramsey and Markov-perfect policies is particularly important in economic environments featuring an endogenous state variable because, in the absence
N/A
When the set of policy instruments includes state-contingent public debt, or when both consumption and labor income taxes are used, so that the price level is not pinned down,
N/A
QUEST III: An estimated open-economy DSGE model of the euro area with fiscal and monetary policy.. Optimal monetary policy with the
N/A
You purchased public data monitoring services You no longer bank online You no longer use social networking Web sites You purchased identity thef t insurance You switched your
N/A
By promoting the realization of studies and research projects on the regional touristic sector, such as the Tourism Supply Geographical Information System of Alentejo and
N/A
If this intuition is correct, then the behavior of tax rates and public debt under sticky prices should resemble that implied by the Ramsey allocation in economies without
N/A
Interestingly, equation (27) shows that the steady state distortions could be entirely eliminated if the government had accumulated a su¢ ciently large amount of claims against
N/A
She uses a Ramsey framework with quadratic price adjustment costs and matching frictions in the labor market to study the implications of steady-state distortions
N/A
ABSTRACTS: With the help of Information and Communication Technology (ICT) the libraries have changed their environment and with the introduction of cloud computing the libraries
N/A