{"created":"2023-06-20T15:03:33.960183+00:00","id":1677,"links":{},"metadata":{"_buckets":{"deposit":"e213abe7-c655-47e8-b92a-afa177572458"},"_deposit":{"created_by":16,"id":"1677","owners":[16],"pid":{"revision_id":0,"type":"depid","value":"1677"},"status":"published"},"_oai":{"id":"oai:grips.repo.nii.ac.jp:00001677","sets":["1:99"]},"author_link":["8801","8802"],"item_12_description_22":{"attribute_name":"著者情報","attribute_value_mlt":[{"subitem_description":"https://www.grips.ac.jp/list/jp/facultyinfo/leon_gonzalez_roberto/","subitem_description_type":"Other"}]},"item_12_description_6":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"In this paper, Malawi’s fiscal and monetary policy rules are estimated and their effects and influence on key macroeconomic variables analyzed in a New Keynesian DSGE framework. Bayesian estimation is used to estimate the model using data on consumption, investment, inflation, nominal interest rate, government spending, consumption tax revenue, and income tax revenue. It is found that monetary policy in Malawi follows a Taylor type interest rate rule in which interest rates respond strongly to changes in inflation, in accordance with the “Taylor principle”, and only mildly to output fluctuations. Fiscal policy too reacts to output fluctuations in a modest fashion. With regards to the main drivers of output fluctuations, it is shown that although fiscal and monetary policy shocks play a significant role, it is actually productivity shocks and to a lesser extent cost-push and preference shocks that are the main contributors to business cycles.","subitem_description_type":"Abstract"}]},"item_12_description_7":{"attribute_name":"内容記述","attribute_value_mlt":[{"subitem_description":"JEL Classification Codes:E12, E31, E32, E58, E62","subitem_description_type":"Other"}]},"item_12_identifier_registration":{"attribute_name":"ID登録","attribute_value_mlt":[{"subitem_identifier_reg_text":"10.24545/00001667","subitem_identifier_reg_type":"JaLC"}]},"item_12_publisher_12":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"GRIPS Policy Research Center ","subitem_publisher_language":"en"}]},"item_12_relation_16":{"attribute_name":"関連サイト","attribute_value_mlt":[{"subitem_relation_name":[{"subitem_relation_name_text":"https://ideas.repec.org/p/ngi/dpaper/19-03.html"}],"subitem_relation_type":"isIdenticalTo","subitem_relation_type_id":{"subitem_relation_type_id_text":"https://ideas.repec.org/p/ngi/dpaper/19-03.html","subitem_relation_type_select":"URI"}}]},"item_12_text_10":{"attribute_name":"発行年","attribute_value_mlt":[{"subitem_text_value":"2019-04"}]},"item_12_text_5":{"attribute_name":"著者所属","attribute_value_mlt":[{"subitem_text_value":"政策研究大学院大学 / National Graduate Institute for Policy Studies;Ministry of Finance, Economic Planning, and Development, Lilongwe, Malawi"},{"subitem_text_value":"政策研究大学院大学 / National Graduate Institute for Policy Studies"}]},"item_12_version_type_19":{"attribute_name":"著者版フラグ","attribute_value_mlt":[{"subitem_version_resource":"http://purl.org/coar/version/c_ab4af688f83e57aa","subitem_version_type":"AM"}]},"item_1693541285410":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2019-04-23","bibliographicIssueDateType":"Issued"},"bibliographicVolumeNumber":"DP19-03","bibliographic_titles":[{"bibliographic_title":"GRIPS Discussion Papers","bibliographic_titleLang":"en"}]}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"MATOLA, Joseph Upile","creatorNameLang":"en"}],"nameIdentifiers":[{}]},{"creatorNames":[{"creatorName":"LEON-GONZALEZ, Roberto","creatorNameLang":"en"}],"nameIdentifiers":[{}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_access","filename":"DP19-03.pdf","filesize":[{"value":"2.7 MB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"DP19-03.pdf","url":"https://grips.repo.nii.ac.jp/record/1677/files/DP19-03.pdf"},"version_id":"24be5627-c00d-4200-ba2b-e1eaef38d147"}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"Fiscal policy","subitem_subject_scheme":"Other"},{"subitem_subject":"Monetary policy","subitem_subject_scheme":"Other"},{"subitem_subject":"New-Keynesian","subitem_subject_scheme":"Other"},{"subitem_subject":"DSGE","subitem_subject_scheme":"Other"},{"subitem_subject":"Bayesian","subitem_subject_scheme":"Other"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"technical report"}]},"item_title":"Fiscal and monetary policy rules in Malawi: a New Keynesian DSGE analysis","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"Fiscal and monetary policy rules in Malawi: a New Keynesian DSGE analysis","subitem_title_language":"en"}]},"item_type_id":"12","owner":"16","path":["99"],"pubdate":{"attribute_name":"PubDate","attribute_value":"2019-04-23"},"publish_date":"2019-04-23","publish_status":"0","recid":"1677","relation_version_is_last":true,"title":["Fiscal and monetary policy rules in Malawi: a New Keynesian DSGE analysis"],"weko_creator_id":"16","weko_shared_id":-1},"updated":"2023-11-20T08:43:01.792765+00:00"}