Dealing with the dutch disease : fiscal rules and macro-prudential policies
Abstract: This paper evaluates from a welfare perspective three policy alternatives for dealing with Dutch disease problems originating from cyclical movements in commodity prices: fiscal rules for government expenditures, capital controls, and taxes on domestic lending. A DSGE model of a small open economy is developed, with a sectoral decomposition that features three distinctive characteristics: financial frictions, a learning-by-doing externality in the industrial sector, and a fraction of households being non-Ricardian (credit constrained). The model is calibrated using Chilean data. For... Mehr ...
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Dokumenttyp: | Artículo |
Erscheinungsdatum: | 2015 |
Verlag/Hrsg.: |
Inter American Development Bank Working Paper
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Schlagwörter: | POLITICA FISCAL / POLITICA ECONOMICA / MERCADO DE CAPITALES |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26650253 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | https://repositorio.uca.edu.ar/handle/123456789/2326 |