A St.-Louis equation to reassess the influence of macroeconomic-policy instruments

Stefan Belliveau

MPRA Paper from University Library of Munich, Germany

Abstract: An analysis of the impact from stabilizing instruments important to macroeconomic policy on output in the US is presented. A simple approach to identify the influence of macroeconomic-policy instruments, based on the St. Louis equation, is clearly presented and examined using annual US data from 1956-2007. The conclusion from this analysis is that both monetary and fiscal policy are viable options for policymakers seeking to stabilize output.

Keywords: Business cycles; monetary policy; fiscal policy (search for similar items in EconPapers)
JEL-codes: E32 E63 (search for similar items in EconPapers)
Date: 2011-02-08
New Economics Papers: this item is included in nep-cis and nep-mac
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Citations: View citations in EconPapers (2)

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https://mpra.ub.uni-muenchen.de/28839/1/MPRA_paper_28839.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:28771

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