Adding a fiscal rule into a DSGE model: How much does it change the forecasts?
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More about this item
Keywords
DSGE model; fiscal rule; reserve fund; credit cycle; commodity prices; financial frictions; monetary policy;All these keywords.
JEL classification:
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
- E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation: Models and Applications
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CIS-2021-01-04 (Confederation of Independent States)
- NEP-DGE-2021-01-04 (Dynamic General Equilibrium)
- NEP-MAC-2021-01-04 (Macroeconomics)
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