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Description
  • The paper analyzes interactions between monetary and fiscal policies, both in a single country and a monetary union setting. As the policy interactions are strategic in nature we use game theoretic methods. Specifically, we develop a framework that allows for an arbitrary, possibly stochastic timing of moves. Our analysis identifies a number of institutional and policy variables that influence the interplay and outcomes of monetary and fiscal policies such as the average levels of inflation and debt; and determine the likelihood of an unpleasant monetarist arithmetic. We then calibrate the model with European Monetary Union data.
  • The paper analyzes interactions between monetary and fiscal policies, both in a single country and a monetary union setting. As the policy interactions are strategic in nature we use game theoretic methods. Specifically, we develop a framework that allows for an arbitrary, possibly stochastic timing of moves. Our analysis identifies a number of institutional and policy variables that influence the interplay and outcomes of monetary and fiscal policies such as the average levels of inflation and debt; and determine the likelihood of an unpleasant monetarist arithmetic. We then calibrate the model with European Monetary Union data. (en)
Title
  • Monetary Policy Facing Fiscal Indiscipline under Generalized Timing of Actions
  • Monetary Policy Facing Fiscal Indiscipline under Generalized Timing of Actions (en)
skos:prefLabel
  • Monetary Policy Facing Fiscal Indiscipline under Generalized Timing of Actions
  • Monetary Policy Facing Fiscal Indiscipline under Generalized Timing of Actions (en)
skos:notation
  • RIV/49777513:23520/12:43915753!RIV13-MSM-23520___
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • Z(MSM4977751301)
http://linked.open...iv/cisloPeriodika
  • 3
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 151586
http://linked.open...ai/riv/idVysledku
  • RIV/49777513:23520/12:43915753
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • timing, coordination games, rigidity (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • DE - Spolková republika Německo
http://linked.open...ontrolniKodProRIV
  • [49FDDED3FC6E]
http://linked.open...i/riv/nazevZdroje
  • JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • 168
http://linked.open...iv/tvurceVysledku
  • Stehlík, Petr
  • Libich, Jan
http://linked.open...ain/vavai/riv/wos
  • 000309497100003
http://linked.open...n/vavai/riv/zamer
issn
  • 0932-4569
number of pages
http://localhost/t...ganizacniJednotka
  • 23520
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