| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1279 |
| DP1279 Skill Demand and Factor Substitution | |
| Henri Sneessens; Fatemeh Shadman-Mehta | |
| 发表日期 | 1995-11-30 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | If discretionary monetary policy implies an inflation bias, monetary unification boosts the accumulation of public debt. The additional debt accumulation is welfare reducing only if governments are sufficiently myopic. In the presence of myopic governments, debt ceilings play a useful role in avoiding excessive debt accumulation in a monetary union and allow a conservative, independent central bank to focus on price stability. |
| 主题 | International Macroeconomics |
| 关键词 | Common central bank Credibility effect Government myopia Monetary union Optimal debt target Price stability weight |
| URL | https://cepr.org/publications/dp1279 |
| 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/530419 |
| 推荐引用方式 GB/T 7714 | Henri Sneessens,Fatemeh Shadman-Mehta. DP1279 Skill Demand and Factor Substitution. 1995. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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