Search Results - subject:"optimal fiscal and monetary policies"

Monetary and Fiscal Policy Interactions in a Monetary Union with Country-size Asymmetry

Machado, Celsa; Ribeiro, Ana Paula - Faculdade de Economia, Universidade do Porto - 2010

This paper analyses optimal discretionary non-coordinated monetary and fiscal stabilization policies in a micro-founded New-Keynesian model of a two-country monetary union with country-size asymmetry, under two policy scenarios. A balanced-budget policy scenario and a policy scenario where the...

Persistent link: https://www.econbiz.de/10008471283

Relative Price Distortions and Inflation Persistence

Damjanovic, Tatiana; Nolan, Charles - Centre for Dynamic Macroeconomic Analysis, University … - 2006

due to the policy rule per se. JEL Classification: E52; E61; E63. Keywords: Price stickiness; optimal fiscal and … monetary policies; price dispersion. 1. Overview In this paper we investigate the macroeconomic implications of relative …

Persistent link: https://www.econbiz.de/10005671096