| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10586 |
| DP10586 Optimal Monetary and Fiscal Policy in an Economy with Inflation Persistence | |
| David Vines | |
| 发表日期 | 2015-05-10 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | This paper studies a simple New-Keynesian model of fiscal and monetary policy coordination when the policymaker acts under commitment. With a New Keynesian Phillips curve it is optimal to control inflation only through the use of monetary policy. But, when price-setters use a Steinsson (2003) Phillips curve, fiscal policy plays an active role, enabling a greater degree of consumption smoothing. |
| 主题 | International Macroeconomics |
| 关键词 | Fiscal policy monetary policy New keynesian model Phillips curve |
| URL | https://cepr.org/publications/dp10586 |
| 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/539418 |
| 推荐引用方式 GB/T 7714 | David Vines. DP10586 Optimal Monetary and Fiscal Policy in an Economy with Inflation Persistence. 2015. |
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