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...

Whakaahuatanga katoa

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Ngā taipitopito rārangi puna kōrero
I whakaputaina i:MAGKS - Joint Discussion Paper Series in Economics (Band 55-2014b)
Ngā kaituhi matua: Hayo, Bernd, Niehof, Britta
Hōputu: Tuhinga
Reo:Ingarihi
I whakaputaina: Philipps-Universität Marburg 2014
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