Interaction between Monetary and Fiscal Policy in a Small Open Economy with Autonomous Monetary Policy and Fiscal Policy Rule

@inproceedings{Pruvic2008InteractionBM,
  title={Interaction between Monetary and Fiscal Policy in a Small Open Economy with Autonomous Monetary Policy and Fiscal Policy Rule},
  author={David Pru{\vs}vic},
  year={2008}
}
The study discusses central bank’s and government’s behaviour in a small open economy with a strong autonomous monetary policy and fiscal policy restricted by fiscal policy rule. Composed model thus fully corresponds to the Czech reality, where the Czech National Bank’s independency is evaluated as a very strong one, its monetary-policy regime is inflation targeting and Czech public finance, or the General Government Sector’s finance (according to the system of national accounts ESA 95), must… CONTINUE READING

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