Fiscal stabilization vs. passivity

被引：1
|
作者：
Bai, Yuting [1 ]
Leeper, Eric M. [2 ]
机构：
[1] Univ Lancaster, Dept Econ, Sch Management, Lancaster LA1 4YX, England
[2] Indiana Univ, Dept Econ, Bloomington, IN 47405 USA
来源：
ECONOMICS LETTERS | 2017年 / 154卷
关键词：
Fiscal policy; Fiscal sustainability; Monetary policy; DEFICITS;
D O I：
10.1016/j.econlet.2017.03.003
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Fiscal policies that stabilize debt may not provide the fiscal backing necessary for monetary policy to successfully target inflation. Appropriate backing is provided by passive fiscal behavior. Understanding the distinction between stabilizing and passive fiscal policies is central to the design of fiscal rules. (C) 2017 Elsevier B.V. All rights reserved.
引用
收藏
页码：105 / 108
页数：4
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