| 000 | 01574nab#a2200277#c#4500 | ||
|---|---|---|---|
| 003 | IEF | ||
| 005 | 20180219174229.0 | ||
| 008 | 171018s2017 GBR|| #####0 b|ENG|u | ||
| 040 | _aIEF | ||
| 041 | _aENG | ||
| 100 | 1 |
_aCosta, José Manuel Moreira Cardoso da _98996 |
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| 245 |
_aFiscal policy and inflation in a Monetary Unión _c by José - Miguel Cardoso - Costa and Vivien Lewis |
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| 260 | _c2017 | ||
| 500 | _aDisponible en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Conclusión. Apéndice. Bibliografía. | ||
| 650 | 4 |
_aUNION ECONOMICA Y MONETARIA _948643 |
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| 650 | 4 |
_aPOLITICA FISCAL _948067 |
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| 650 | 4 |
_aINFLACION _946815 |
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| 650 | 4 |
_aPOLITICA ANTIINFLACIONISTA _948049 |
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| 650 | 4 |
_aMODELOS ECONOMETRICOS _947776 |
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| 520 | _aWe study optimal fiscal policies in a small monetary union country. The government uses nominal nonstate-contingent debt and distortionary labour taxes to finance exogenous spending. Price levels differ across countries due toconsumption home bias; thus fiscal policy influences inflation and the terms oftrade. Prices are flexible. We show that, unlike in a country with an independent monetary policy, somevariability in labour taxes is optimal. With nominal public debt there is an incentive to use taxes to inflate in bad times when debt levels are high, reminiscent of the optimal monetary policy result of Chari et al.(1991). | ||
| 700 | 1 |
_aLewis, Vivien _963638 |
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| 773 | 0 |
_tEconomica _w89753 _gv. 84, n. 336, October 2017, p. 779-796 |
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| 942 | _cART | ||
| 942 | _z148695 | ||
| 999 |
_c137289 _d137289 |
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