Fiscal volatility and foresight in a closed economy DSGE model
Motivated by the observed effect of uncertainty regarding the country’s fiscal policy, the main objective of this paper is to develop a New Keynesian DSGE model that features both fiscal uncertainty and fiscal foresight and through simulations, analyze the effects of a fiscal uncertainty shock on th...
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| Format: | text |
| Language: | English |
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Animo Repository
2019
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| Online Access: | https://animorepository.dlsu.edu.ph/etd_masteral/6403 https://animorepository.dlsu.edu.ph/context/etd_masteral/article/13463/viewcontent/MS_Thesis___DLSU_Format2.pdf |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | Motivated by the observed effect of uncertainty regarding the country’s fiscal policy, the main objective of this paper is to develop a New Keynesian DSGE model that features both fiscal uncertainty and fiscal foresight and through simulations, analyze the effects of a fiscal uncertainty shock on the economy. -150 -100 -50 0 50 100 150 200 250 |
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