Monetary and fiscal policies in the Euro-area : macro modelling, learning and empirics
著者
書誌事項
Monetary and fiscal policies in the Euro-area : macro modelling, learning and empirics
Elsevier, 2005
1st ed
大学図書館所蔵 全13件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
  スウェーデン
  ノルウェー
  アメリカ
注記
Includes bibliographical references (p. [331]-344) and indexes
内容説明・目次
内容説明
The emergence of a new macro economy in Euro-Asia is a great challenge for academics and policy makers alike. Our book focuses on this macro economy and the monetary and fiscal policy responses. As the new environment has evolved over time, private behaviour as well as policy responses have changed. Policy makers as well as private agents had to learn the new environment. In our book we thus put heavy emphasis on uncertainty and learning. The first part of the book explores monetary policies allowing for uncertainty and time-varying behaviour of economic agents in markets, in particular in the labour market and the monetary policy responses to it. We study both forward and backward looking behaviour, learning and robust control as well as the role of financial markets for policies. The second part explores fiscal policy in the Euro-area, its sustainability, its effects on economic growth and the attempts of the Euro-area to stabilize the public debt. The third part explores monetary and fiscal policy interactions in the Euro-area countries. Since there are many national fiscal authorities but only one monetary authority this is a particularly challenging problem of Euro-area countries. Methodologically, we use modern methods such as advanced econometric methodology, learning models that allows to study time varying behaviour, and dynamic macro modelling and dynamic optimization.
目次
I. Monetary policy. 1. Introduction. 2. Empirical evidence of the IS and Phillips Curves. 3. Time-varying Phillips Curve. 4. Time-varying monetary policy reaction function. 5. Euro-area monetary policy affects using USA monetary policy rules. 6. Optimal monetary policy and adaptive learning. 7. Time-varying optimal monetary policy. 8. Asset price volatility and monetary policy. II. Fiscal policy. 9. Fiscal policy and economic growth. 10. Testing sustainability of fiscal policies. 11. Stabilization of public debt and Macroeconomic performance. III. Monetary and fiscal policy interactions. 12. Monetary and fiscal policy interactions in the Euro-area. 13. Time-varying monetary and fiscal policy interactions.
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