| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3381 |
| DP3381 The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity | |
| Marc J Melitz | |
| 发表日期 | 2002-05-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | This article investigates the impact on economic performance of the timing of moves in a policy game between the government and the central bank for a government with both distributional and stabilization objectives. It is shown that both inflation and income inequality are reduced without sacrificing output growth if the government assumes a leadership role compared to a regime in which monetary and fiscal policy is determined simultaneously. Further, it is shown that government leadership benefits both the fiscal and monetary authorities. The implications of these results for a country deciding whether to join a monetary union are also considered. |
| 主题 | International Macroeconomics |
| 关键词 | Central bank independence Monetary policy delegation Policy coordination Policy game Policy leadership |
| URL | https://cepr.org/publications/dp3381 |
| 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/532405 |
| 推荐引用方式 GB/T 7714 | Marc J Melitz. DP3381 The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity. 2002. |
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