Cevik, Emrah Ismail; Dibooglu, Sel; Kutan, Ali M. - In: Journal of Comparative Economics 42 (2014) 4, pp. 1079-1091
This paper examines the interactions between fiscal and monetary policy for some former transition, emerging European economies over the 1995Q1–2010Q4 period by using a Markov regime-switching model. We consider the monetary policy rule proposed by Taylor (1993) and the fiscal policy rule...