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The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...
Persistent link: https://www.econbiz.de/10011301152
exchange rates for a small open economy. We analyse the effects of fiscal expansions using a New Keynesian model and find that …
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versions of a simple New Keynesian small open economy model on quarterly data for the period 1994Q3-2008Q2: A basic version and …
Persistent link: https://www.econbiz.de/10011382024
, which justifies tight debt constraints. In particular, a balanced budget policy stabilizes the economy under cost …
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This paper examines the role of the monetary instrument choice for local equilibrium determinacy under sticky prices and different fiscal policy regimes. Corresponding to Benhabib et al.'s (2001) results for interest rate feedback rules, the money growth rate should not rise by more than one for...
Persistent link: https://www.econbiz.de/10011348705
open the economy is. If the government cannot borrow from abroad in its own currency, stability requires interest rate …
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