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Interaction between Fiscal and Monetary Policy in a Dynamic Nonlinear Model
The objective of this study is to verify the dynamics between fiscal policy, measured by public debt, and monetary policy, measured by a reaction function of a central bank. Changes in monetary policies due to deviations from their targets always generate fiscal impacts. We examine two policy reacti...
Autores principales: | , , , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2015
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4371610/ https://www.ncbi.nlm.nih.gov/pubmed/25799581 http://dx.doi.org/10.1371/journal.pone.0118917 |