Economics at your fingertips  

On the optimal mix of fiscal and monetary policy actions

Apostolis Philippopoulos (), Petros Varthalitis and Vanghelis Vassilatos ()
Additional contact information
Apostolis Philippopoulos: Athens University of Economics and Business, and CESifo

No 150, Working Papers from Bank of Greece

Abstract: We study optimized monetary and fiscal feedback policy rules. The setup is a conventional New Keynesian DSGE model calibrated to match data from the euro area. Our aim is to welfare rank alternative tax-spending policy instruments used for shock stabilization and/or debt consolidation when, at the same time, the monetary authorities follow a Taylor rule for the interest rate.

Keywords: Feedback policy rules; New Keynesian (search for similar items in EconPapers)
JEL-codes: E6 F3 H6 (search for similar items in EconPapers)
Pages: 50
Date: 2012-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link) Full Text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Working Papers from Bank of Greece Contact information at EDIRC.
Bibliographic data for series maintained by Christina Tsochatzi ().

Page updated 2023-06-08
Handle: RePEc:bog:wpaper:150