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OPTIMAL MONETARY AND FISCAL POLICY IN DYNAMIC ECONOMIES: A GENERAL EQUILIBRIUM APPROACH - Couverture souple

ANTON, ARTURO

 
9783838314228: OPTIMAL MONETARY AND FISCAL POLICY IN DYNAMIC ECONOMIES: A GENERAL EQUILIBRIUM APPROACH
Couverture souple
ISBN 10 : 3838314220 ISBN 13 : 9783838314228
Editeur : LAP Lambert Academic Publishing, 2009

Synopsis

Over the past twenty five years, fiscal and monetary authorities around the world have pursued policies roughly consistent with the insights from optimal monetary and fiscal policy. In the area of monetary policy, the modern consensus is to set policy rules so that nominal interest rates and inflation are low. In the area of fiscal policy, statutory corporate income tax rates have decreased sharply in OECD countries on average over time. Typically, theoretical models in the literature usually examine either monetary or fiscal policies in isolation, but not both of them simultaneously. This book presents two alternative dynamic, general equilibrium models where the prescriptions from optimal monetary and fiscal policies are simultaneously examined. These models offer some new insights on the interaction of such policies, especially in terms of their effects on household?s welfare. A third chapter examines optimal fiscal policy in the context of preference reversals. This book should be especially useful for policymakers in the area of macroeconomics and researchers working in the field.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

Over the past twenty five years, fiscal and monetary authorities around the world have pursued policies roughly consistent with the insights from optimal monetary and fiscal policy. In the area of monetary policy, the modern consensus is to set policy rules so that nominal interest rates and inflation are low. In the area of fiscal policy, statutory corporate income tax rates have decreased sharply in OECD countries on average over time. Typically, theoretical models in the literature usually examine either monetary or fiscal policies in isolation, but not both of them simultaneously. This book presents two alternative dynamic, general equilibrium models where the prescriptions from optimal monetary and fiscal policies are simultaneously examined. These models offer some new insights on the interaction of such policies, especially in terms of their effects on household?s welfare. A third chapter examines optimal fiscal policy in the context of preference reversals. This book should be especially useful for policymakers in the area of macroeconomics and researchers working in the field.

Biographie de l'auteur

Arturo Anton is an assistant professor at CIDE (Center for Research and Teaching in Economics) in Mexico City. He previously held a position as Senior Economist at Banco de México. His main areas of research are fiscal and monetary policy, and general equilibrium macroeconomics. Mr. Anton earned his Ph. D. in Economics from Cornell University.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP Lambert Academic Publishing
Date d'édition
2009
Langue
anglais
ISBN 10 
3838314220
ISBN 13 
9783838314228
Reliure
Broché
Nombre de pages
100
Coordonnées du fabricant
non disponible
Personne responsable
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