| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4421 |
| DP4421 Who's Who in Crime Networks: Wanted - The Key Player | |
| Yves Zenou; Antoni Calvó-Armengol; Coralio Ballester | |
| 发表日期 | 2004-06-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This Paper investigates the importance of fiscal policy in providing macroeconomic stabilisation in a monetary union. We use a microfounded New Keynesian model of a monetary union that incorporates persistence in inflation, and examine non-cooperative interactions of fiscal and monetary authorities. We find that particularly when inflation is persistent, the use of fiscal policy for stabilisation can significantly improve welfare over and above that which arises through the working of automatic stabilisers. We conclude that a regulatory framework for fiscal policy in a monetary union should allow a role for active fiscal stabilisation. |
| 主题 | International Macroeconomics |
| 关键词 | Monetary union Optimal monetary and fiscal policies Asymmetric shocks |
| URL | https://cepr.org/publications/dp4421 |
| 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/533374 |
| 推荐引用方式 GB/T 7714 | Yves Zenou,Antoni Calvó-Armengol,Coralio Ballester. DP4421 Who's Who in Crime Networks: Wanted - The Key Player. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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