Monetary Policy Facing Fiscal Indiscipline under Generalized Timing of Actions

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23520%2F12%3A43915753" target="_blank" >RIV/49777513:23520/12:43915753 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Monetary Policy Facing Fiscal Indiscipline under Generalized Timing of Actions
Original language description
The paper analyzes interactions between monetary and fiscal policies, both in a single country and a monetary union setting. As the policy interactions are strategic in nature we use game theoretic methods. Specifically, we develop a framework that allows for an arbitrary, possibly stochastic timing of moves. Our analysis identifies a number of institutional and policy variables that influence the interplay and outcomes of monetary and fiscal policies such as the average levels of inflation and debt; and determine the likelihood of an unpleasant monetarist arithmetic. We then calibrate the model with European Monetary Union data.
Czech name
—
Czech description
—

Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
—

Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical
JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT
ISSN
0932-4569
e-ISSN
—
Volume of the periodical
168
Issue of the periodical within the volume
3
Country of publishing house
DE - GERMANY
Number of pages
39
Pages from-to
393-431
UT code for WoS article
000309497100003
EID of the result in the Scopus database
—

Similar results(10)