全球智库信息集成服务系统(G2TT): DP5464 Five-Equation Macroeconomics: A Simple View of the Interactions Between Fiscal Policy and Monetary Policy

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP5464
	DP5464 Five-Equation Macroeconomics: A Simple View of the Interactions Between Fiscal Policy and Monetary Policy
	David Vines; Tatiana Kirsanova; Sven Jari Stehn
发表日期	2006-01-20
出版年	2006
语种	英语
摘要	This paper investigates the relationship between time variations in output and inflation dynamics and monetary policy in the US. There are changes in the structural coefficients and in the variance of the structural shocks. The policy rules in the 1970s and 1990s are similar as is the transmission of policy disturbances. Inflation persistence is only partly a monetary phenomena. Variations in the systematic component of policy have limited effects on the dynamics of output and inflation. Results are robust to alterations in the auxiliary assumptions.
主题	International Macroeconomics
关键词	monetary policy Inflation persistence Transmission of shocks Time varying coefficients Structural vars
URL	https://cepr.org/publications/dp5464
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/534319
推荐引用方式 GB/T 7714	David Vines,Tatiana Kirsanova,Sven Jari Stehn. DP5464 Five-Equation Macroeconomics: A Simple View of the Interactions Between Fiscal Policy and Monetary Policy. 2006.