Effective Fiscal-Monetary Interactions in Severe Recessions /

Effective Fiscal-Monetary Interactions in Severe Recessions /

The COVID-19 pandemic and the subsequent need for policy support have called the traditional separation between fiscal and monetary policies into question. Based on simulations of an open economy DSGE model calibrated to emerging and advance economies and case study evidence, the analysis shows when...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Chen, Jiaqian
Awduron Eraill: Espinoza, Raphael, Goncalves, Carlos, Gudmundsson, Tryggvi
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2022.
Cyfres:IMF Working Papers; Working Paper ; No. 2022/170
Pynciau:
Debt
Fiscal Policy
Foreign Exchange
Informal Economy
Underground Econom
Mynediad Ar-lein:Full text available on IMF
LEADER 02064cas a2200337 a 4500
001 AALejournalIMF023173
008 230101c9999 xx r poo 0 0eng d
020 |a 9798400218880 
020 |c 20.00 USD 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Chen, Jiaqian. 
245 1 0 |a Effective Fiscal-Monetary Interactions in Severe Recessions /  |c Jiaqian Chen, Raphael Espinoza, Carlos Goncalves, Tryggvi Gudmundsson. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (47 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The COVID-19 pandemic and the subsequent need for policy support have called the traditional separation between fiscal and monetary policies into question. Based on simulations of an open economy DSGE model calibrated to emerging and advance economies and case study evidence, the analysis shows when constraints are binding a more integrated approach of looking at policies can lead to a better policy mix and ultimately better macroeconomic outcomes under certain circumstances. Nonetheless, such an approach entails risks, necessitating a clear assessment of each country's circumstances as well as safeguards to protect the credibility of the existing institutional framework. 
538 |a Mode of access: Internet 
650 7 |a Debt  |2 imf 
650 7 |a Fiscal Policy  |2 imf 
650 7 |a Foreign Exchange  |2 imf 
650 7 |a Informal Economy  |2 imf 
650 7 |a Underground Econom  |2 imf 
700 1 |a Espinoza, Raphael. 
700 1 |a Goncalves, Carlos. 
700 1 |a Gudmundsson, Tryggvi. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2022/170 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=170  |z IMF e-Library 

Eitemau Tebyg