Pregled bibliografske jedinice broj: 825641
Interaction between fiscal and monetary policy in a dynamic nonlinear model
Interaction between fiscal and monetary policy in a dynamic nonlinear model // PLoS One, 10 (2015), e0118917; 1-21 doi:10.1371/ journal.pone.0118917 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 825641 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Interaction between fiscal and monetary policy in a dynamic nonlinear model
Autori
Bertella, M. A. ; Rego, H. A., C. Neris Jr., Silva, J. N. ; Podobnik, Boris ; Stanley, H. Eugene
Izvornik
PLoS One (1932-6203) 10
(2015), E0118917;
1-21
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
fiscal ; monetary policy ; dynamic nonlinear model
Sažetak
The objective of this study is to verify the dynamics between fiscal policy, measured by public debt, and monetary policy, measured by a reaction function of a central bank. Changes in monetary policies due to deviations from their targets always generate fiscal impacts. We examine two policy reaction functions: the first related to inflation targets and the second related to economic growth targets. We find that the condition for stable equilibrium is more restrictive in the first case than in the second. We then apply our simulation model to Brazil and United Kingdom and find that the equilibrium is unstable in the Brazilian case but stable in the UK case.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Ustanove:
Građevinski fakultet, Rijeka,
Zagrebačka škola ekonomije i managementa, Zagreb
Profili:
Boris Podobnik
(autor)
Citiraj ovu publikaciju:
Časopis indeksira:
- Web of Science Core Collection (WoSCC)
- Science Citation Index Expanded (SCI-EXP)
- SCI-EXP, SSCI i/ili A&HCI
- Scopus
- MEDLINE
