| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10895 |
| DP10895 The Optimal Coordination of Fiscal and Monetary Policy in a New Keynesian Framework | |
| David Vines | |
| 发表日期 | 2015-10-18 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | This paper studies the coordination of monetary and fiscal policy in a simple New Keynesian model. We show that, in such a setup and when the policymaker acts with commitment, it is optimal not to use fiscal policy to stabilise inflation. We illustrate this result using additively separable preferences and Greenwood-Hercowitz-Huffman (1988) preferences, and we discuss the intuition behind this result. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Fiscal policy monetary policy New keynesian model |
| URL | https://cepr.org/publications/dp10895 |
| 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/539725 |
| 推荐引用方式 GB/T 7714 | David Vines. DP10895 The Optimal Coordination of Fiscal and Monetary Policy in a New Keynesian Framework. 2015. |
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