Monetary and Fiscal Policy in Times of Crises: A New Keynesian Perspective in Continuous Time

To analyse the interdependence between monetary and fiscal policy during a financial crisis, we develop an open-economy DSGE model with monetary and fiscal policy as well as financial markets in a continuous-time framework based on stochastic differential equations. Monetary policy is modelled using...

Description complète

Enregistré dans:
Détails bibliographiques
Publié dans:MAGKS - Joint Discussion Paper Series in Economics (Band 55-2014b)
Auteurs principaux: Hayo, Bernd, Niehof, Britta
Format: Article
Langue:anglais
Publié: Philipps-Universität Marburg 2014
Sujets:
Accès en ligne:Texte intégral en PDF
Tags: Ajouter un tag
Pas de tags, Soyez le premier à ajouter un tag!