On a Simple Model of Dynamic Fiscal Policy

Author(s):  
Noboru Sakashita
Keyword(s):  
Author(s):  
Neil Wallace

This chapter is a variation on the theme that monetary and fiscal policies are interrelated and must necessarily be coordinated. The issue of coordination arises when one wants to know whether it is possible for monetary policy permanently to influence an economy's inflation rate. One can imagine a monetary authority sufficiently powerful vis-à-vis the fiscal authority that by the imposition of slower rates of growth of base money, both now and into the indefinite future, it can successfully constrain fiscal policy by telling the fiscal authority how much seigniorage it can expect now and in the future. In this setting, monetary and fiscal policies are coordinated by having the monetary authority discipline the fiscal authority. The chapter first describes a simple model that embodies unadulterated monetarism before discussing the Cagan-Bresciani-Turroni effect.


2012 ◽  
Author(s):  
Alexander Medvinsky ◽  
Alexey Rusakov
Keyword(s):  

2011 ◽  
Author(s):  
Riley E. Splittstoesser ◽  
Greg G. Knapik ◽  
William S. Marras
Keyword(s):  

1976 ◽  
Vol 37 (2) ◽  
pp. 149-158 ◽  
Author(s):  
A.K. Bhattacharjee ◽  
B. Caroli ◽  
D. Saint-James
Keyword(s):  

1980 ◽  
Vol 19 (01) ◽  
pp. 11-15
Author(s):  
G. Roncari ◽  
L. Rapisardi ◽  
L. Conte ◽  
G. Pedroli

A simple model for the study of bone calcium metabolism is proposed. It describes the kinetics of a radioactive tracer in terms of an open single compartment system with an expanding volume for a finite period of time. In addition to the simplicity of the hypotheses introduced, the model is able to give a good description of the biological processes which regulate calcium kinetics. Moreover the functional parameters can be easily calculated, even just graphically. 15 normal subjects and 22 patients affected by various bone diseases were studied. The results were compared with those obtained by using the model proposed by Burkinshaw et al. and the method described by Reeve et al.


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