Publicação: Interaction between fiscal and monetary policy in a dynamic nonlinear model
dc.contributor.author | Bertella, Mario A. [UNESP] | |
dc.contributor.author | Rego, Henio A. | |
dc.contributor.author | Neris, Celso | |
dc.contributor.author | Silva, Jonathas N. [UNESP] | |
dc.contributor.author | Podobnik, Boris | |
dc.contributor.author | Stanley, H. Eugene | |
dc.contributor.institution | Universidade Estadual Paulista (Unesp) | |
dc.contributor.institution | Boston Univ | |
dc.contributor.institution | Fed Inst Educ Sci &Technol | |
dc.contributor.institution | Universidade Estadual de Campinas (UNICAMP) | |
dc.contributor.institution | Zagreb Sch Econ &Management | |
dc.contributor.institution | Univ Rijeka | |
dc.contributor.institution | Univ Ljubljana | |
dc.date.accessioned | 2015-10-21T20:46:19Z | |
dc.date.available | 2015-10-21T20:46:19Z | |
dc.date.issued | 2015-03-23 | |
dc.description.abstract | The objective of this study is to verify the dynamics between fiscal policy, measured by public debt, and monetary policy, measured by a reaction function of a central bank. Changes in monetary policies due to deviations from their targets always generate fiscal impacts. We examine two policy reaction functions: the first related to inflation targets and the second related to economic growth targets. We find that the condition for stable equilibrium is more restrictive in the first case than in the second. We then apply our simulation model to Brazil and United Kingdom and find that the equilibrium is unstable in the Brazilian case but stable in the UK case. | en |
dc.description.affiliation | Sao Paulo State Univ UNESP, Dept Econ, BR-14800901 Araraquara, SP, Brazil | |
dc.description.affiliation | Boston Univ, Ctr Polymer Studies, Boston, MA 02215 USA | |
dc.description.affiliation | Boston Univ, Dept Phys, Boston, MA 02215 USA | |
dc.description.affiliation | Fed Inst Educ Sci &Technol, BR-65076091 Sao Luis, MA, Brazil | |
dc.description.affiliation | Campinas State Univ UNICAMP, BR-13083857 Campinas, SP, Brazil | |
dc.description.affiliation | Zagreb Sch Econ &Management, Zagreb 10000, Croatia | |
dc.description.affiliation | Univ Rijeka, Fac Civil Engn, Rijeka 51000, Croatia | |
dc.description.affiliation | Univ Ljubljana, Fac Econ, Ljubljana 10000, Slovenia | |
dc.description.affiliationUnesp | Sao Paulo State Univ UNESP, Dept Econ, BR-14800901 Araraquara, SP, Brazil | |
dc.description.sponsorship | Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP) | |
dc.description.sponsorship | Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES) | |
dc.format.extent | 1-21 | |
dc.identifier | http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0118917 | |
dc.identifier.citation | Plos One. San Francisco: Public Library Science, v. 10, n. 3, p. 1-21, 2015. | |
dc.identifier.doi | 10.1371/journal.pone.0118917 | |
dc.identifier.file | WOS000351987300022.pdf | |
dc.identifier.issn | 1932-6203 | |
dc.identifier.lattes | 9960511866241705 | |
dc.identifier.uri | http://hdl.handle.net/11449/129290 | |
dc.identifier.wos | WOS:000351987300022 | |
dc.language.iso | eng | |
dc.publisher | Public Library Science | |
dc.relation.ispartof | Plos One | |
dc.relation.ispartofjcr | 2.766 | |
dc.relation.ispartofsjr | 1,164 | |
dc.rights.accessRights | Acesso aberto | pt |
dc.source | Web of Science | |
dc.title | Interaction between fiscal and monetary policy in a dynamic nonlinear model | en |
dc.type | Artigo | pt |
dcterms.rightsHolder | Public Library Science | |
dspace.entity.type | Publication | |
relation.isDepartmentOfPublication | 22b7984c-9fdf-4958-8770-b20048dcbafe | |
relation.isDepartmentOfPublication.latestForDiscovery | 22b7984c-9fdf-4958-8770-b20048dcbafe | |
relation.isOrgUnitOfPublication | 0893b748-d216-4eba-952d-cd4676b310f6 | |
relation.isOrgUnitOfPublication.latestForDiscovery | 0893b748-d216-4eba-952d-cd4676b310f6 | |
unesp.author.lattes | 9960511866241705 | |
unesp.author.orcid | 0000-0003-3237-0455[1] | |
unesp.campus | Universidade Estadual Paulista (UNESP), Faculdade de Ciências e Letras, Araraquara | pt |
unesp.department | Economia - FCLAR | pt |
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