Showing 1 - 10 of 21
Persistent link: https://www.econbiz.de/10011375816
Persistent link: https://www.econbiz.de/10010486525
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...
Persistent link: https://www.econbiz.de/10011241865
Persistent link: https://www.econbiz.de/10009735685
The serious current account imbalances which have developed within the euro area over the last decade are at the core of the current financial crisis. For the members of the currency union fiscal policy has gained in importance due to the loss of monetary policy as an autonomous policy...
Persistent link: https://www.econbiz.de/10009667131
The paper discusses the stabilizing potential of fiscal policy in a dynamic general-equilibrium model of monetary union. We consider a small open economy inside the currency area. We analyze the demand and supply effects of direct taxation, indirect taxation and government spending and derive...
Persistent link: https://www.econbiz.de/10010294628
The paper discusses the stabilizing potential of fiscal policy in a dynamic general-equilibrium model of monetary union. We consider a small open economy inside the currency area. We analyze the demand and supply effects of direct taxation, indirect taxation and government spending and derive...
Persistent link: https://www.econbiz.de/10009746209
The paper discusses the stabilizing potential of fiscal policy in a dynamic general-equilibrium model of monetary union. We consider a small open economy inside the currency area. We analyze the demand and supply effects of direct taxation, indirect taxation and government spending and derive...
Persistent link: https://www.econbiz.de/10012730070
Persistent link: https://www.econbiz.de/10009737953
The paper analyses the stabilising potential of simple fiscal policy rules for a small open economy in monetary union in a 2-region DSGE model with nominal and real rigidities. We consider simple fiscal instrument rules for government purchases, transfers, and consumption, labour and capital...
Persistent link: https://www.econbiz.de/10010865271