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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Published in: | MAGKS - Joint Discussion Paper Series in Economics (Band 55-2014b) |
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Main Authors: | , |
Format: | Article |
Language: | English |
Published: |
Philipps-Universität Marburg
2014
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Subjects: | |
Online Access: | PDF Full Text |
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