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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) |
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| Autori principali: | , |
| Natura: | Articolo |
| Lingua: | inglese |
| Pubblicazione: |
Philipps-Universität Marburg
2014
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| Soggetti: | |
| Accesso online: | PDF Full Text |
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