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POLICY RESPONSE BETWEEN MONETARY POLICY AND FISCAL POLICY A CASE OF SMALL-OPEN ECONOMY MODEL |
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| รหัสดีโอไอ | |
| Creator | Ponlapat Rerkwandee |
| Title | POLICY RESPONSE BETWEEN MONETARY POLICY AND FISCAL POLICY A CASE OF SMALL-OPEN ECONOMY MODEL |
| Publisher | School of Development Economic |
| Publication Year | 2555 |
| Journal Title | Development Economic Review |
| Journal Vol. | 6 |
| Journal No. | 2 |
| Page no. | 87 |
| Keyword | Strategic Policy, Monetary Policy, Fiscal Policy, Game Theory |
| ISSN | 1906-2540 |
| Abstract | Strategic action between exchange rate and fiscal status has been longtime debated between fiscal policymaker and monetary policymaker. Using a game theory approach of Stackelberg Model and Nash Equilibrium Model, government spending and interest rate in the Stackelberg model will be higher than those under Nash Equilibrium Model. However, if imperfect capital mobility is allowed, interest rate and government spending will be higher than the case under perfect capital mobility. |
