Similar Search Results

The interaction between monetary and fiscal policies in Turkey : an estimated new Keynesian DSGE model

C̦ebi, Cem - 2011

This paper estimates a New Keynesian open economy DSGE model for Turkey by using Bayesian estimation technique for the period of 2002:q1 - 2009:q3. It studies fiscal and monetary policy interactions and their role in stabilisation of the economy using a small-scale model following the...

Persistent link: https://www.econbiz.de/10009157475

Fiscal policy in the macroeconomic policy mix : a critique of the new consensus model and a comparison of macroeconomic policies in France, Germany, the UK and Sweden from a post-K...

Hein, Eckhard; Truger, Achim - 2008

ausschließlichen Konzentration auf die Geldpolitik als Stabilisierungsinstrument, wegen seiner mangelhaften Berücksichtigung der Rolle … von Löhnen und der Lohnpolitik und wegen seiner kompletten Vernachlässigung der stabilisierenden Rolle der Finanzpolitik …. Aus Post-Keynesianischer Sicht wird gezeigt, dass die Finanzpolitik eine wichtige Rolle für die makroökonomische …

Persistent link: https://www.econbiz.de/10003744540

Monetary-Fiscal Policy Interactions And Fiscal Stimulus

Leeper, Eric M.; Davig, Troy - 2013

Increases in government spending trigger substitution effects — both inter- and intra-temporal — and a wealth effect. The ultimate impacts on the economy hinge on current and expected monetary and fiscal policy behavior. Studies that impose active monetary policy and passive fiscal policy...

Persistent link: https://www.econbiz.de/10014204817

What about Japan?

Chien, YiLi; Cole, Harold L.; Lustig, Hanno - National Bureau of Economic Research - 2023

As a result of the BoJ's large-scale asset purchases, the consolidated Japanese government borrows mostly at the floating rate from households and invests in longer-duration risky assets to earn an extra 3% of GDP. We quantify the impact of Japan's low-rate policies on its government and...

Persistent link: https://www.econbiz.de/10014436981

A Bound Test Analysis of the Effects of Global Economic Shocks on Nigerian Economy : The Role of Fiscal and Monetary Policies (1960-2011)

Saibu, Olufemi - 2018

This study examines the effectiveness of both fiscal and monetary policies in mitigating external shocks on Nigerian economy. In addition, it determines which of the macroeconomic policy was more effective in mitigating the possible adverse effects of external shocks; The study uses annual data...

Persistent link: https://www.econbiz.de/10012925107

COVID-19 and fiscal-monetary policy coordination : empirical evidence from India

Chakraborty, Lekha; Harikrishnan S - 2022

Against the backdrop of the COVID-19 pandemic, this paper analyzes the economic stimulus packages announced by the Indian national government and tries to identify some plausible fiscal and monetary policy coordination. The shrinking fiscal space due to revenue uncertainties has led to a...

Persistent link: https://www.econbiz.de/10012814168

The Impact of Constrained Monetary Policy on the Fiscal Multipliers on Output and Inflation

Bletzinger, Tilman - 2017

This paper uses two established DSGE models (QUEST III and Smets-Wouters) to assess the impact of fiscal spending cuts on output and, in particular, also on inflation in the euro area under alternative settings for monetary policy. We compare four different settings of constrained monetary...

Persistent link: https://www.econbiz.de/10012963016

Clearing Up the Fiscal Multiplier Morass

Leeper, Eric M. - 2015

We use Bayesian prior and posterior analysis of a monetary DSGE model, extended to include fiscal details and two distinct monetary-fiscal policy regimes, to quantify government spending multipliers in U.S. data. The combination of model specification, observable data, and relatively diffuse...

Persistent link: https://www.econbiz.de/10013018514

Are Fiscal and Monetary Policies Reflected in Real Yields? Evidence from a Period of Disinflation and Declining Deficit Targets

Brender, Adi; Ber, Hedva; Ribon, Sigal - 2006

We examine the effect of monetary and fiscal policies on yields on short- and long-term indexed bonds. We extend the current literature by providing evidence about a period in which the government adopted declining inflation and deficit targets. In such cases the policy shift could be perceived...

Persistent link: https://www.econbiz.de/10014062080

Monetary-Fiscal Policy Interactions and Fiscal Stimulus

Davig, Troy - 2013

Increases in government spending trigger substitution effects - both inter- and intra-temporal - and a wealth effect. The ultimate impacts on the economy hinge on current and expected monetary and fiscal policy behavior. Studies that impose active monetary policy and passive fiscal policy...

Persistent link: https://www.econbiz.de/10013095479