Verfügbarkeit: Monetary and Fiscal Policy Interactions in the Post-War U.S

Monetary and Fiscal Policy Interactions in the Post-War U.S:

A New Keynesian model allowing for an active monetary and passive fiscal policy (AMPF) regime and a passive monetary and active fiscal policy (PMAF) regime is fit to various U.S. samples from 1955 to 2007. Data in the pre-Volcker periods strongly prefer an AMPF regime, but the estimation is not very...

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1. Verfasser:	Yang, Shu-Chun S. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2010
Schriftenreihe:	IMF Working Papers Working Paper No. 10/243
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	A New Keynesian model allowing for an active monetary and passive fiscal policy (AMPF) regime and a passive monetary and active fiscal policy (PMAF) regime is fit to various U.S. samples from 1955 to 2007. Data in the pre-Volcker periods strongly prefer an AMPF regime, but the estimation is not very informative about whether the inflation coefficient in the interest rate rule exceeds one in pre-Volcker samples. Also, whether a government spending increase yields positive consumption in a PMAF regime depends on price stickiness. An income tax cut can yield a negative labor response if monetary policy aggressively stabilizes output
Beschreibung:	1 Online-Ressource (46 p)
ISBN:	1455209430 9781455209439

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spelling	Yang, Shu-Chun S. Verfasser aut Monetary and Fiscal Policy Interactions in the Post-War U.S Yang, Shu-Chun S Washington, D.C International Monetary Fund 2010 1 Online-Ressource (46 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/243 A New Keynesian model allowing for an active monetary and passive fiscal policy (AMPF) regime and a passive monetary and active fiscal policy (PMAF) regime is fit to various U.S. samples from 1955 to 2007. Data in the pre-Volcker periods strongly prefer an AMPF regime, but the estimation is not very informative about whether the inflation coefficient in the interest rate rule exceeds one in pre-Volcker samples. Also, whether a government spending increase yields positive consumption in a PMAF regime depends on price stickiness. An income tax cut can yield a negative labor response if monetary policy aggressively stabilizes output Online-Ausg Traum, Nora Sonstige oth http://elibrary.imf.org/view/IMF001/11380-9781455209439/11380-9781455209439/11380-9781455209439.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Yang, Shu-Chun S. Monetary and Fiscal Policy Interactions in the Post-War U.S
title	Monetary and Fiscal Policy Interactions in the Post-War U.S
title_auth	Monetary and Fiscal Policy Interactions in the Post-War U.S
title_exact_search	Monetary and Fiscal Policy Interactions in the Post-War U.S
title_exact_search_txtP	Monetary and Fiscal Policy Interactions in the Post-War U.S
title_full	Monetary and Fiscal Policy Interactions in the Post-War U.S Yang, Shu-Chun S
title_fullStr	Monetary and Fiscal Policy Interactions in the Post-War U.S Yang, Shu-Chun S
title_full_unstemmed	Monetary and Fiscal Policy Interactions in the Post-War U.S Yang, Shu-Chun S
title_short	Monetary and Fiscal Policy Interactions in the Post-War U.S
title_sort	monetary and fiscal policy interactions in the post war u s
url	http://elibrary.imf.org/view/IMF001/11380-9781455209439/11380-9781455209439/11380-9781455209439.xml
work_keys_str_mv	AT yangshuchuns monetaryandfiscalpolicyinteractionsinthepostwarus AT traumnora monetaryandfiscalpolicyinteractionsinthepostwarus

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