Domestic politics and the international coordination of fiscal policies

Domestic politics and the formation of international environmental agreements

This paper investigates the effect of domestic politics on international environmental policy by incorporating into a classic model of coalition formation the phenomenon of lobbying by national special-interest groups. In doing so, it contributes to the theory of international environmental agreements, which has overwhelmingly assumed that governments make choices based on benefits and costs th...

Policy Games: Coordination and Independence in Monetary and Fiscal Policies

No ONE WOULD dream of designing the human anatomy by disconnecting the controls of the left and right sides of the body. Yet, for the most important economic controls in a modern economy, monetary and fiscal policies, economists today generally endorse the separation of powers as a way of optimizing noninflationary growth. What are the costs and benefits of coordination and independence in macr...

The Impact of Social damages on the Effectiveness of Fiscal and Monetary Policies: The DSGE Approach

 The purpose of this study is to investigate the effect of social damages (divorce, crime and addiction) on the effectiveness of fiscal and monetary policies. To achieve this, the literature on endogenous growth models has been used and the relationships of economic agents have been explained in the form of a dynamic stochastic general equilibrium model. In the designed DSGE model, labor produc...

Optimality Of Monetary And Fiscal Policies In Iran: An Application Of The Stochastic Optimal Control Theory

Effects of Fiscal and Monetary Policies on the Iranian Economy: An Optimal Control Approach

This paper evaluates the interacted effects of the fiscal and monetary policies on the nominal and real macro-variables of the Iranian economy. Our analysis is thus based on the optimal control theory by which the optimal path of the control variables including monetary and fiscal tools are determined over the period 1963-2006. We also use a macro-econometric model in form of a simultaneous equ...