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

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...

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Pubblicato in:MAGKS - Joint Discussion Paper Series in Economics (Band 55-2014b)
Autori principali: Hayo, Bernd, Niehof, Britta
Natura: Articolo
Lingua:inglese
Pubblicazione: Philipps-Universität Marburg 2014
Soggetti:
Wirtschaft
New Keynesian Models
Fiscal Policy
Financial Crisis
Dynamic Stochastic General Equilibrium Models, Continuous Time Model
Monetary Policy
Economics
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Collocazione: urn:nbn:de:hebis:04-es2024-03559
Data di pubblicazione: 2024-01-12
Downloads: 33 (2024)
Lizenz: https://creativecommons.org/publicdomain/mark/1.0
URL di accesso: https://archiv.ub.uni-marburg.de/es/2024/0355
https://doi.org/10.17192/es2024.0355

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