Interaction between fiscal and monetary policy in a dynamic nonlinear model.

Interaction between fiscal and monetary policy in a dynamic nonlinear model.

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 reacti...

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Bibliographic Details
Main Authors: Mario A Bertella, Henio A Rego, Celso Neris, Jonathas N Silva, Boris Podobnik, H Eugene Stanley
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2015-01-01
Series:PLoS ONE
Online Access:http://europepmc.org/articles/PMC4371610?pdf=render

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http://europepmc.org/articles/PMC4371610?pdf=render

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