International monetary and fiscal policy cooperation in the presence of wage inflexibilities - Are both counterproductive?

Sheen, J.

Amsterdam : Elsevier
ISSN:
0165-1889
Source:
Elsevier Journal Backfiles on ScienceDirect 1907 - 2002
Topics:
Economics
Type of Medium:
Electronic Resource
URL:
_version_ 1798291593023717376
autor Sheen, J.
autorsonst Sheen, J.
book_url http://linkinghub.elsevier.com/retrieve/pii/0165-1889(92)90038-G
datenlieferant nat_lic_papers
fussnote This paper studies the transmission mechanisms and welfare implications of strategic monetary and fiscal policy in a two-country, Mundell-Fleming, variable supply, stochastic model. The issue of the counterproductivity of policy cooperation, raised by Rogoff (1985), is examined and extended to fiscal policy. It is established that systematic fiscal policy cooperation is productive for a wide range of parameter values that include those of the simple Keynesian model. Cooperation is always productive for policy that is contingent on the realisation of shocks.
hauptsatz hsatz_simple
identnr NLZ176599525
issn 0165-1889
journal_name Journal of Economic Dynamics and Control
materialart 1
package_name Elsevier
publikationsort Amsterdam
publisher Elsevier
reference 16 (1992), S. 359-387
search_space articles
shingle_author_1 Sheen, J.
shingle_author_2 Sheen, J.
shingle_author_3 Sheen, J.
shingle_author_4 Sheen, J.
shingle_catch_all_1 Sheen, J.
International monetary and fiscal policy cooperation in the presence of wage inflexibilities - Are both counterproductive?
0165-1889
01651889
Elsevier
shingle_catch_all_2 Sheen, J.
International monetary and fiscal policy cooperation in the presence of wage inflexibilities - Are both counterproductive?
0165-1889
01651889
Elsevier
shingle_catch_all_3 Sheen, J.
International monetary and fiscal policy cooperation in the presence of wage inflexibilities - Are both counterproductive?
0165-1889
01651889
Elsevier
shingle_catch_all_4 Sheen, J.
International monetary and fiscal policy cooperation in the presence of wage inflexibilities - Are both counterproductive?
0165-1889
01651889
Elsevier
shingle_title_1 International monetary and fiscal policy cooperation in the presence of wage inflexibilities - Are both counterproductive?
shingle_title_2 International monetary and fiscal policy cooperation in the presence of wage inflexibilities - Are both counterproductive?
shingle_title_3 International monetary and fiscal policy cooperation in the presence of wage inflexibilities - Are both counterproductive?
shingle_title_4 International monetary and fiscal policy cooperation in the presence of wage inflexibilities - Are both counterproductive?
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source_archive Elsevier Journal Backfiles on ScienceDirect 1907 - 2002
timestamp 2024-05-06T08:35:05.165Z
titel International monetary and fiscal policy cooperation in the presence of wage inflexibilities - Are both counterproductive?
titel_suche International monetary and fiscal policy cooperation in the presence of wage inflexibilities - Are both counterproductive?
This paper studies the transmission mechanisms and welfare implications of strategic monetary and fiscal policy in a two-country, Mundell-Fleming, variable supply, stochastic model. The issue of the counterproductivity of policy cooperation, raised by Rogoff (1985), is examined and extended to fiscal policy. It is established that systematic fiscal policy cooperation is productive for a wide range of parameter values that include those of the simple Keynesian model. Cooperation is always productive for policy that is contingent on the realisation of shocks.
topic Q
uid nat_lic_papers_NLZ176599525