On the optimal mix of fiscal and monetary policy actions

We study optimized monetary and fiscal feedback policy rules. The setup is a conventional New Keynesian DSGE model calibrated to match data from the euro area. Our aim is to welfare rank alternative tax-spending policy instruments used for shock stabilization and/or debt consolidation when, at the same time, the monetary authorities follow a Taylor rule for the interest rate

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Year of publication:	2022
Authors:	Philippopulos, Apostolēs ; Varthalitis, Petros ; Vassilatos, Vanghelis
Publisher:	[S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Finanzpolitik \| Fiscal policy \| Theorie \| Theory \| Policy-Mix \| Policy mix

Extent:	1 Online-Ressource (50 p)
Series:	Bank of Greece Working Paper ; No. 150
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 1, 2012 erstellt
Other identifiers:	10.2139/ssrn.4176296 [DOI]
Classification:	E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; F3 - International Finance ; H6 - National Budget, Deficit, and Debt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014079605