نتایج جستجو برای: key words fiscal and monetary policies

تعداد نتایج: 16878451  

جعفری صمیمی, احمد,

In general, it is not possible in macroecoomics to come up with a significant relationship between government budget deficit and inflation. However, as far as the lranian economy is concerned, it should be added that the increase in budget deficit has not brought about an increase in real supply of goods and services, and also almost all government budget deficit has been financed through the b...

2010
Stéphane Auray Beatriz de Blas Aurélien Eyquem

In this paper we study jointly optimal fiscal and monetary policies in a small open economy framework with capital and sticky prices. We consider the case of distortionary taxes on labor and capital, and no public debt. As in a closed economy set–up, in the steady state, the optimal inflation rate is zero, as well as the optimal tax on capital. The dynamic properties of optimal monetary and fis...

2007
Michael M. Hutchison Ilan Noy Lidan Wang

This article investigates the effects of macroeconomic policy (monetary and fiscal) on output growth during financial crises characterized by a “sudden stop” in net capital inflows in developing and emerging market economies. We investigate 83 sudden stop crises in 77 countries over 1982-2003 using a baseline empirical model to control for the various determinants of output losses during sudden...

2002
V. V. Chari Patrick J. Kehoe

We analyze the setting of monetary and nonmonetary policies in monetary unions. We show that in these unions a time inconsistency problem in monetary policy leads to a novel type of free-rider problem in the setting of nonmonetary policies, such as labor market policy, fiscal policy, and bank regulation. The free-rider problem leads the union’s members to pursue lax nonmonetary policies that in...

1996
Alan J. Auerbach

In structuring this conference, the organizers have made the sensible decision to devote separate sessions to the problems of developing and developed countries. When attempting to confront unsustainable fiscal policies, developed economies are relieved of many of the economic constraints with which developing countries must deal. With greater wealth, more stable and credible governments, and m...

پایان نامه :وزارت علوم، تحقیقات و فناوری - دانشگاه اراک - دانشکده علوم انسانی 1388

abstract the aim of this study was threefold: (1) to investigate the relationship between knowledge of semantic prosody and efl learners general language proficiency; (2) to examine the relationship between qualitative as well as quantitative knowledge of words, and (3) to compare the performance of efl learner on receptive and productive measures of semantic prosody. the study is based on a...

2008
Lawrence Schembri

• Canada’s lengthy experience with a flexible exchange rate regime has had an important impact on the development of macroeconomic theory and policy in open economies. • This article focuses on the 1950–62 floating-rate period because the flexible exchange rate, combined with a high degree of capital mobility between Canada and the United States, provided an unprecedented experiment for macroec...

In recent decades the development of capital markets in developing countries, economic growth is desirable to have. Developed countries owe much of its development direction of financial markets, especially the stock market knows. The stock market is precisely the collection of savings and private capital to finance investment projects and on the other hand, an official and is confident that th...

Journal: :J. Economic Theory 2008
Campbell Leith Leopold von Thadden

This paper develops a small New Keynesian model with capital accumulation and government debt dynamics. The paper discusses the design of simple monetary and fiscal policy rules consistent with determinate equilibrium dynamics in the absence of Ricardian equivalence. Under this assumption, government debt turns into a relevant state variable which needs to be accounted for in the analysis of eq...

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