نتایج جستجو برای: keywords fiscal and monetary policy interaction
تعداد نتایج: 17297387 فیلتر نتایج به سال:
We study optimal monetary and fiscal policies in a New Keynesian model with heterogeneous agents, incomplete markets, nominal rigidities. Our approach uses small‐noise expansions Fréchet derivatives to approximate equilibria quickly efficiently. Responses of aggregate shocks differ qualitatively from what they would be corresponding representative agent economy are an order magnitude larger. A ...
This paper investigates the asymmetric effects of monetary policy on economic growth over business cycles in Iran. Estimating the models using the Hamilton (1989) Markov-switching model and by employing the data for 1960-2012, the results well identify two regimes characterized as expansion and recession. Moreover, the results show that an expansionary monetary policy has a positive and statist...
We show that the effectiveness of redistribution policy is tied to how much inflation it generates, and thereby, monetary-fiscal adjustments ultimately finance transfers. In monetary regime, taxes increase transfers while in fiscal rises, imposing on public debt holders. analytically regime generates larger more persistent than regime. a two-sector model, we quantify effects CARES Act COVID rec...
Policy makers impose policies to improve economy circumstance in order to achieve economic goals. However, the consequence of these policies along with the intended goals will also influence expectations, fluctuations, etc., and cause changes in levels of uncertainty. The important role of the stock market in the economy, makes it important to examine its uncertainty and its interaction with mo...
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