Van Aarle, Bas
[Verfasser:in]
;
Garretsen, Harry
[Sonstige Person, Familie und Körperschaft];
Huart, Florence
[Sonstige Person, Familie und Körperschaft]
Policy Rules in the Euro Area and International Interdependencies
Anmerkungen:
In: van Aarle B., H. Garretsen and F. Huart (2004), “Policy Rules in the Euro Area and International Interdependencies”, Applied Economics Quarterly, 50(3), 279-297
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2004 erstellt
Beschreibung:
This paper studies the design, effects and interactions of monetary and fiscal policies in the euro area. A stylized New Keynesian model with backward and forward looking dynamics is developed and augmented with monetary and fiscal policy rules. Numerical simulations are used to assess the effects of demand and supply shocks and the role of monetary and fiscal policies in their transmission