Subtitle:

Raport Badawczy = Research Report ; RB/5/2009

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. 17-18

Abstract:

The paper presents an analysis of the states of equilibrium and Pareto-optimality of the solutions in the monetary-fiscal games between the fiscal and monetary authorities each having either two or three qualitatively different strategies: expansive, neutral and restrictive. Two sets of assumptions about the influence, exerted by the instruments of the monetary policy (real interest rate) and of the fiscal policy (budgetary deficit related to the GDP) on the state of economy (rate of economic growth and inflation) are considered. The results obtained indicate that, other situations may also occur, where the independent decisions of the central bank and the government do not necessarily lead to the choice of a Pareto non-optimal solution.

Relation:

Raport Badawczy = Research Report

Detailed Resource Type:

Report

Resource Identifier:

oai:rcin.org.pl:144811

Source:

RB-2009-05

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