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Analysing Monetary and Fiscal Policy Regimes using Deterministic and Stochastic Simulations

Ray Barrell, K. Dury and I. Hurst

Economics Working Papers from European University Institute

Abstract: We wish to analyse the new rules in the European fiscal and monetary environment, and to investigate the effects of fiscal and monetary activism in Europe. The new European Central Bank has to decide on its monetary policy stance and we aim in this paper to contribute to the debate of the best overall policy rule for Euroland.

Keywords: MONETARY POLICY; FISCAL POLICY; SIMULATION (search for similar items in EconPapers)
JEL-codes: E27 E52 E62 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eui:euiwps:eco99/37

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