The golden rule of public finance under active monetary stance: endogenous setting for a developing economy

The golden rule of public finance under active monetary stance: endogenous setting for a developing economy

The paper aims to verify the introduction of the golden rule of public finance under an active monetary stance for a developing economy using a dynamic stochastic general equilibrium model. Besides the two rigidities, namely the deep habit formation and Calvo-style price stickiness, the model struct...

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Bibliographic Details
Main Author: Serhii Shvets
Format: Article
Language:English
Published: LLC "CPC "Business Perspectives" 2020-06-01
Series:Investment Management & Financial Innovations
Subjects:
DSGE modeling
endogenous growth
golden rule
government spending
low-income countries
monetary and fiscal policy
Online Access:https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/13629/IMFI_2020_02_Shvets.pdf

Internet

https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/13629/IMFI_2020_02_Shvets.pdf

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