| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2929 |
| 来源ID | Working Paper 2929 |
| Simulating the Effects of Some Simple Coordinated versus Uncoordinated Policy | |
| Jacob A. Frenkel; Morris Goldstein; Paul R. Masson | |
| 发表日期 | 1989-04-01 |
| 出版年 | 1989 |
| 语种 | 英语 |
| 摘要 | Effects of different policy rules are simulated: uncoordinated targeting of the money supply or nominal income, use of monetary policy to achieve coordinated targets for nominal or real exchange rates, and the use of monetary and fiscal policies to hit targets for internal and external balance. The following conclusions emerge: rules which performed best for some shocks performed poorly for others; monetary policy was ineffective in limiting movements in real exchange rates; unconstrained use of fiscal policy was quite powerful in influencing real variables; and dynamic instability was a potentially serious problem. Robustness to different specifications and to constraints on instruments remains to be examined. |
| 主题 | International Economics |
| URL | https://www.nber.org/papers/w2929 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/560199 |
| 推荐引用方式 GB/T 7714 | Jacob A. Frenkel,Morris Goldstein,Paul R. Masson. Simulating the Effects of Some Simple Coordinated versus Uncoordinated Policy. 1989. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2929.pdf（412KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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