Subtitle:

Raport Badawczy = Research Report ; RB/33/2017

Publisher:

Instytut Badań Systemowych. Polska Akademia Nauk ; Systems Research Institute. Polish Academy of Sciences

Place of publishing:

Warszawa

Description:

18 pages ; 21 cm ; Bibliography p. 15-18

Abstract:

The paper deals with analysis of alternative monetary-fiscal policies for Poland. The analysis is made with the use of noncooperative game describing mutual interactions of policies carried on by the monetary authority and the fiscal authority. In the paper a respective monetary-fiscal game is formulated. A recursive dynamic econometric model for Poland is proposed. It is used to calculate payoffs of the monetary authority and the fiscal authority treated as players in the game. The model is constructed using ideas of the New Neoclassical Synthesis (NNS) modeling including extensions describing influences of the fiscal policy. The model has been estimated using time series 2000-2014 for Poland. The paper presents simulation experiments in which results of tha game are compared to the real historical policies and results of the policies in two time periods for Poland: 2004-2005 and 2008-2009.

Relation:

Raport Badawczy = Research Report

Detailed Resource Type:

Report

Resource Identifier:

oai:rcin.org.pl:144807

Source:

RB-2017-33

Language:

eng

Language of abstract:

eng

Rights:

Creative Commons Attribution BY 4.0 license

Terms of use:

Copyright-protected material. [CC BY 4.0] May be used within the scope specified in Creative Commons Attribution BY 4.0 license, full text available at: ; -

Digitizing institution:

Systems Research Institute of the Polish Academy of Sciences

Original in:

Library of Systems Research Institute PAS

Projects co-financed by:

Operational Program Digital Poland, 2014-2020, Measure 2.3: Digital accessibility and usefulness of public sector information; funds from the European Regional Development Fund and national co-financing from the state budget.

Access:

Open