Utilize este identificador para referenciar este registo:
http://hdl.handle.net/10071/18132
Registo completo
Campo DC | Valor | Idioma |
---|---|---|
dc.contributor.author | Gasteiger, E. | - |
dc.date.accessioned | 2019-05-24T12:16:50Z | - |
dc.date.available | 2019-05-24T12:16:50Z | - |
dc.date.issued | 2018 | - |
dc.identifier.issn | 1365-1005 | - |
dc.identifier.uri | http://hdl.handle.net/10071/18132 | - |
dc.description.abstract | Yes, indeed; at least for macroeconomic policy interaction. We examine a Neo-Classical economy and provide the conditions for policy arrangements to successfully stabilize the economy when agents have either rational or adaptive expectations. For a contemporaneous-data monetary policy rule, the monetarist solution is unique and stationary under a passive fiscal/active monetary policy regime if monetary policy appropriately incorporates expectational heterogeneity. In contrast, the active fiscal/passive monetary policy regime's fiscalist solution is prone to explosiveness due to empirically plausible expectational heterogeneity. Nevertheless, this can be a well-defined, rather orthodox equilibrium. For operational monetary policy rules, only the results for the fiscalist solution prevail. Moreover, our results are plausible from an adaptive learning viewpoint. | eng |
dc.language.iso | eng | - |
dc.publisher | Cambridge University Press | - |
dc.relation | PEst-OE/EGE/UI0315/2011 | - |
dc.relation | info:eu-repo/grantAgreement/FCT/5876/147442/PT | - |
dc.rights | openAccess | - |
dc.subject | Fiscal and monetary policy interaction | eng |
dc.subject | Heterogeneous expectations | eng |
dc.subject | Inflation | eng |
dc.title | Do heterogeneous expectations constitute a challenge for policy interaction? | eng |
dc.type | article | - |
dc.pagination | 2107 - 2140 | - |
dc.peerreviewed | yes | - |
dc.journal | Macroeconomic Dynamics | - |
dc.volume | 22 | - |
dc.number | 8 | - |
degois.publication.firstPage | 2107 | - |
degois.publication.lastPage | 2140 | - |
degois.publication.issue | 8 | - |
degois.publication.title | Do heterogeneous expectations constitute a challenge for policy interaction? | eng |
dc.date.updated | 2019-05-24T13:15:46Z | - |
dc.description.version | info:eu-repo/semantics/acceptedVersion | - |
dc.identifier.doi | 10.1017/S1365100516001036 | - |
dc.subject.fos | Domínio/Área Científica::Ciências Sociais::Economia e Gestão | por |
iscte.subject.ods | Trabalho digno e crescimento económico | por |
iscte.subject.ods | Paz, justiça e instituições eficazes | por |
iscte.identifier.ciencia | https://ciencia.iscte-iul.pt/id/ci-pub-40519 | - |
iscte.alternateIdentifiers.wos | WOS:000453387500008 | - |
iscte.alternateIdentifiers.scopus | 2-s2.0-85030845995 | - |
Aparece nas coleções: | BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica |
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hetflex.pdf | Pós-print | 876,69 kB | Adobe PDF | Ver/Abrir |
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