| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8955 |
| DP8955 Fiscal Consolidation in an Open Economy | |
| Jesper Linde; Christopher Erceg | |
| 发表日期 | 2012-04-01 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper uses a New Keynesian DSGE model of a small open economy to compare how the effects of fiscal consolidation differ depending on whether monetary policy is constrained by currency union membership or by the zero lower bound on policy rates. We show that there are important differences in the impact of fiscal shocks across these monetary regimes that depend both on the duration of the zero lower bound and on features that determine the responsiveness of inflation. |
| 主题 | International Macroeconomics |
| 关键词 | monetary policy Currency union Fiscal policy Zero lower bound constraint New keynesian small open economy dsge model |
| URL | https://cepr.org/publications/dp8955 |
| 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/537793 |
| 推荐引用方式 GB/T 7714 | Jesper Linde,Christopher Erceg. DP8955 Fiscal Consolidation in an Open Economy. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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