登入
選單
返回
Google圖書搜尋
Effective Fiscal-Monetary Interactions in Severe Recessions
Mr. Jiaqian Chen
Mr. Raphael A Espinoza
Raphael Espinoza
Carlos Goncalves
Tryggvi Gudmundsson
Martina Hengge
Zoltan Jakab
Jesper Lindé
出版
International Monetary Fund
, 2022-09-02
主題
Business & Economics / Banks & Banking
Business & Economics / Inflation
Business & Economics / Economics / Macroeconomics
Business & Economics / Money & Monetary Policy
Business & Economics / Public Finance
Business & Economics / Economics / General
ISBN
9798400218880
URL
http://books.google.com.hk/books?id=upmJEAAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
The COVID-19 pandemic and the subsequent need for policy support have called the traditional separation between fiscal and monetary policies into question. Based on simulations of an open economy DSGE model calibrated to emerging and advance economies and case study evidence, the analysis shows when constraints are binding a more integrated approach of looking at policies can lead to a better policy mix and ultimately better macroeconomic outcomes under certain circumstances. Nonetheless, such an approach entails risks, necessitating a clear assessment of each country’s circumstances as well as safeguards to protect the credibility of the existing institutional framework.
