Monetary and Fiscal Policy: How an Agreed Inflation Target Affects Fiscal Policy
被引:2
作者:
Brash, Donald
论文数: 0引用数: 0
h-index: 0
机构:
Reserve Bank New Zealand, Wellington, New ZealandReserve Bank New Zealand, Wellington, New Zealand
Brash, Donald
[1
]
机构:
[1] Reserve Bank New Zealand, Wellington, New Zealand
来源:
ECONOMIC PAPERS
|
2011年
/
30卷
/
01期
关键词:
monetary policy;
fiscal policy;
Reserve Bank of New Zealand;
D O I:
10.1111/j.1759-3441.2011.00097.x
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
When the 1989 legislation was passed giving the Reserve Bank of New Zealand a high degree of operational independence, with an overriding responsibility for achieving and maintaining stability in the general level of prices, the extent to which this would inevitably drive change in fiscal policy was not widely understood. It wasn't long before the Government realised the inevitable interrelationship.