| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2748 |
| DP2748 Uncertainty on Monetary Policy and the Expectational Model of the Term Structure of Interest Rates | |
| Carlo A. Favero; Federico Mosca | |
| 发表日期 | 2001-03-27 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper is an empirical study of fiscal policy in countries with extreme monetary regimes. We study members of multilateral currency unions, dollarized countries that officially use the money of another country, and countries using currency boards. We find that belonging to an international common currency area is not associated with fiscal discipline; if anything, spending and taxes are higher inside currency unions. This effect is especially pronounced for dollarized countries that unilaterally adopt the currency of another country. Currency boards are associated with fiscal restraint. |
| 主题 | International Macroeconomics |
| 关键词 | Empirical Panel Government Spending Tax Revenue Budget |
| URL | https://cepr.org/publications/dp2748 |
| 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/531804 |
| 推荐引用方式 GB/T 7714 | Carlo A. Favero,Federico Mosca. DP2748 Uncertainty on Monetary Policy and the Expectational Model of the Term Structure of Interest Rates. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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