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asymmetries and structural breaks. It further examines the impact of the 2008 global financial crisis on the PBT to determine its … stability after the crisis. The full sample results show that the PBT holds for Nigeria and asymmetries and structural breaks …. The role of asymmetries shouldnot also be jettisoned in predicting exchange rate with stock prices to obtain accurate …
Persistent link: https://www.econbiz.de/10012297508
Persistent link: https://www.econbiz.de/10013531081
The paper examines the monetary-fiscal interactions in a monetary union model with uncertainty due to imperfect central bank transparency. We first show that monetary uncertainty disciplines fiscal policymakers and thereby reduces taxes, average inflation and output distortions. However, as more...
Persistent link: https://www.econbiz.de/10005013047
Rogoff (1985). The results show structural and preference asymmetries matter, both in the determination of economic policy …
Persistent link: https://www.econbiz.de/10009318897
Persistent link: https://www.econbiz.de/10005810526
’ manner, as defined by Rogoff (1985). The results show that structural and preference asymmetries matter, both in the …
Persistent link: https://www.econbiz.de/10005123920
We examine monetary and fiscal interactions in a monetary union model with uncertainty due to imperfect central bank transparency. It is first shown that monetary uncertainty discourages excessive taxation and may thus reduce average inflation and output distortions. However, as countries enter...
Persistent link: https://www.econbiz.de/10005685611
Most of the literature on the independence of the Central Bank assumes only one policy instrument is available: monetary policy. If we introduce fiscal policy as well, when preferences may differ among policy-makers, the situation is radically different. In this case fiscal policy will weaken...
Persistent link: https://www.econbiz.de/10005504246
Persistent link: https://www.econbiz.de/10008926087
asymmetries and structural breaks. It further examines the impact of the 2008 global financial crisis on the PBT to determine its … stability after the crisis. The full sample results show that the PBT holds for Nigeria and asymmetries and structural breaks …. The role of asymmetries shouldnot also be jettisoned in predicting exchange rate with stock prices to obtain accurate …
Persistent link: https://www.econbiz.de/10012604571