dc.contributor
Universitat Rovira i Virgili. Departament d'Economia
dc.contributor
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
dc.contributor.author
Ferré Carracedo, Montserrat
dc.contributor.author
Manzano, Carolina
dc.date.accessioned
2014-01-17T15:08:14Z
dc.date.accessioned
2024-12-10T13:33:03Z
dc.date.available
2014-01-17T15:08:14Z
dc.date.available
2024-12-10T13:33:03Z
dc.date.created
2013-12-12
dc.identifier.uri
http://hdl.handle.net/2072/222196
dc.description.abstract
In this article we extend the rational partisan model of Alesina and
Gatti (1995) to include a second policy, fiscal policy, besides monetary policy. It is shown that, with this extension, the politically induced variance
of output is not always eliminated nor reduced by delegating monetary
policy to an independent and conservative central bank. Further, in flation
and output stabilisation will be affected by the degree of conservativeness
of the central bank and by the probability of the less in flation averse party
gaining power.
Keywords: rational partisan theory; fiscal policy; independent central
bank
JEL Classi fication: E58, E63.
eng
dc.format.extent
29 p.
cat
dc.publisher
Universitat Rovira i Virgili. Departament d'Economia
cat
dc.relation.ispartofseries
Documents de treball del Departament d'Economia;2013-33
dc.rights
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights
info:eu-repo/semantics/openAccess
dc.source
RECERCAT (Dipòsit de la Recerca de Catalunya)
dc.subject.other
Bancs centrals
cat
dc.subject.other
Política fiscal
cat
dc.subject.other
Política monetària
cat
dc.title
Independent Central Banks: Low inflation at no cost?: A model with fiscal policy
cat
dc.type
info:eu-repo/semantics/workingPaper
cat
