| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3226 |
| DP3226 Implementing Monetary Cooperation Through Inflation Targeting | |
| PIerpaolo Benigno; Gianluca Benigno | |
| 发表日期 | 2002-02-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | The Paper explores how fiscal policy can be made both more disciplined and more counter-cyclical. It first examines whether the decline of public debts observed in the OECD area during the 1990s can be explained either by less activism or by a priority towards consolidation. It then argues that rules, for example the Stability and Growth Pact, are less likely to deliver the desired outcome than institutions. Drawing a parallel with monetary policy, it examines how a Fiscal Policy Committee could reproduce what Monetary Policy Committees have achieved in central banking. |
| 主题 | International Macroeconomics |
| 关键词 | Fiscal policy Discipline Cyclicality Rules and discretion Institutions |
| URL | https://cepr.org/publications/dp3226 |
| 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/532251 |
| 推荐引用方式 GB/T 7714 | PIerpaolo Benigno,Gianluca Benigno. DP3226 Implementing Monetary Cooperation Through Inflation Targeting. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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