| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP411 |
| DP411 Is There a Case for the MTFS? | |
| Peter Westaway; Simon Wren-Lewis | |
| 发表日期 | 1990-04-01 |
| 出版年 | 1990 |
| 语种 | 英语 |
| 摘要 | This paper offers a critique of the UK government's Medium Term Financial Strategy from a policy optimization perspective. It argues that recent versions of the MTFS can be interpreted as representing the outcome of a policy optimization exercise, but that certain key aspects remain unclear. These include the role of output in the objective function, the interpretation of nominal GDP targets and the role of fiscal policy as an instrument. The importance of these issues is illustrated by carrying out various optimal control exercises on the National Institute's domestic econometric model. |
| 主题 | International Macroeconomics |
| 关键词 | Fiscal policy monetary policy Policy optimization |
| URL | https://cepr.org/publications/dp411 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529566 |
| 推荐引用方式 GB/T 7714 | Peter Westaway,Simon Wren-Lewis. DP411 Is There a Case for the MTFS?. 1990. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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