Koenig, Gilbert; Zeyneloglu, Irem - Bureau d'Économie Théorique et Appliquée (BETA), … - 2008
The paper analyzes monetary and fiscal policy efficiency and coordination in a stochastic new open economy macroeconomics (NOEM) model with three production sectors. Some or all of these sectors can be affected by unanticipated productivity shocks which can trigger monetary and fiscal policy...