Discusses the merits of fiscal policy versus monetary policy in economics. Reasons cited by economist Paul Samuelson on why fiscal policy is not an effective countercyclical tool; Effects of artificially lowering interest rates and monetary inflation; Why noninterventionism is the best policy.Skousen...
Fiscal policy versus monetary policy: Government can affect the macro-economy mainly using two specific policy tools namely: fiscal policy and monetary policy. Fiscal policy is basically the budget policy of government and is basically implemented usi...
Examples Contractionary Fiscal Versus Monetary Policy Frequently Asked Questions (FAQs) Photo: Brendan Smialowski / Getty Images Contractionary fiscal policy is when the government either cuts spending or raises taxes. It gets its name from the way it contracts the economy. It reduces the amount...
Monetary versus Fiscal Policy: The monetary policy is concerned with the control of interest rates and the supply of money in the economy. The fiscal policy is primarily concerned with government spending and the taxation system of the country. ...
F. Modigliani, ‘Some Empirical Tests of Monetary Management, and of Rules Versus Discretion’,Journal of Political Economy(June 1964). Google Scholar A. Nobay, ‘The Bank of England, Monetary Policy, and Monetary Theory in the United Kingdom 1951–1971’,Manchester School(Mar 1973). ...
Monetary–fiscal policy interactions and commitment versus discretion in a monetary union :We consider monetary-fiscal policy interactions in a monetary union. If monetary and fiscal authorities have different ideal output and inflation targets,... A Dixit,L Lambertini 被引量: 0发表: 2001年 Monetary...
, Report on Economic and Monetary Union in Europe, Luxembourg: European Commission. Google Scholar LOHMANN, S. J. (1989). Optimal Commitment in Monetary Policy: Credibility Versus Flexibility. Working paper 88–89–88, Graduate School of Industrial Administration, Carnegie Mellon University. Google...
(2002), Fiscal sustainability and monetary versus fiscal dominance: Evidence from Brazil, 1991-2000. IMF WP/02/05, Washington, D.C.Tanner, E. & Ramos, A. M. (2003). Fiscal Sustainability and Monetary Versus Fiscal Dominance: Evidence from Brazil 1991-2000. Applied Economics, 35, p. 859...
Monetary policy impacts the money supply in an economy, which influences interest rates and the inflation rate. It also impacts business expansion, net exports, employment, the cost of debt, and the relative cost of consumption versus saving—all of which directly or indirectly impact aggregat...
Ramsey Optimal Policy versus Multiple Equilibria with Fiscal and Monetary Interactions We consider a frictionless constant endowment economy based on Leeper (1991). In this economy, it is shown that, under an ad-hoc monetary rule and an ad-ho... JB Chatelain,K Ralf - 《Econstor Open Access ...