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dc.contributor.advisor Rubio-Ramírez, Juan F en_US
dc.contributor.author Fasolo, Angelo Marsiglia en_US
dc.date.accessioned 2010-05-10T19:54:07Z
dc.date.available 2010-05-10T19:54:07Z
dc.date.issued 2010 en_US
dc.identifier.uri http://hdl.handle.net/10161/2292
dc.description Dissertation en_US
dc.description.abstract <p>This dissertation computes the optimal monetary and fiscal policy for small open and emerging economies in an estimated medium-scale model. The model departs from the conventional approach as it encompasses all the major nominal and real rigidities normally found in the literature in a single framework. After estimating the model using Bayesian techniques for one small open economy and one emerging economy, the Ramsey solution for the optimal monetary and fiscal policy is computed. Results show that foreign shocks have a strong influence in the dynamics of emerging economies, when compared to the designed optimal policy for a developed small open economy. For both economies, inflation is low, but very volatile, while taxes follow the traditional results in the literature with high taxes over labor income and low taxes for capital income.</p> en_US
dc.format.extent 1132231 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.subject Economics, General en_US
dc.subject Economics, Theory en_US
dc.subject DSGE en_US
dc.subject Emerging economies en_US
dc.subject Fiscal policy en_US
dc.subject Monetary policy en_US
dc.subject Ramsey problem en_US
dc.title Optimal Monetary and Fiscal Policy for Small Open and Emerging Economies en_US
dc.type Dissertation en_US
dc.department Economics en_US

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