Hohberger, Stefan; Vogel, Lukas; Herz, Bernhard - In: International Economics and Economic Policy 12 (2015) 1, pp. 59-74
The paper uses a two-sector DSGE model with nominal and real rigidities to analyse the stabilising properties of fiscal policy rules in a small open economy in monetary union. The focus is on the potential of budgetary-neutral rules that adjust the composition of government purchases between...