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Fiscal and Monetary Policy Interaction in Malawi
https://doi.org/10.24545/00001695
https://doi.org/10.24545/000016959469b441-3c18-4102-ada6-fc7fbeaf76ac
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
DP19-16.pdf (1.4 MB)
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| Item type | ディスカッションペーパー / Discussion Paper(1) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 公開日 | 2019-09-04 | |||||||||
| タイトル | ||||||||||
| タイトル | Fiscal and Monetary Policy Interaction in Malawi | |||||||||
| 言語 | en | |||||||||
| 言語 | ||||||||||
| 言語 | eng | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Fiscal dominance | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | monetary dominance | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | fiscal policy | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | monetary policy | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | structural VAR | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | sign restrictions | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Malawi | |||||||||
| 資源タイプ | ||||||||||
| 資源タイプ | technical report | |||||||||
| ID登録 | ||||||||||
| ID登録 (DOI) | 10.24545/00001695 | |||||||||
| ID登録タイプ | JaLC | |||||||||
| 著者 |
MATOLA, Joseph Upile
× MATOLA, Joseph Upile
× LEON-GONZALEZ, Roberto
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| 著者所属 | ||||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies;Ministry of Finance, Economic Planning, and Development, Malawi | |||||||||
| 著者所属 | ||||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies | |||||||||
| 抄録 | ||||||||||
| 内容記述タイプ | Abstract | |||||||||
| 内容記述 | In this paper, the interaction between fiscal and monetary policies in Malawi is analyzed in a structural VAR framework employing sign restrictions. The key question addressed is whether macroeconomic policy environment in Malawi is characterized by fiscal dominance or monetary dominance. The model that we derive is used to identify government spending shocks, government revenue shocks, and monetary policy shocks so as to observe their respective effects on the conduct of fiscal and monetary policy. The results show that policy making in Malawi leans towards a monetary dominant regime rather than a fiscal dominant one. This is manifested by a counteractive reaction of monetary policy to loose fiscal policy on one hand and a cooperative reaction of fiscal policy to tight monetary policy stance on the other hand. The results also show that spending shocks are not financed by tax revenues which, coupled with the non-cooperative nature of monetary policy, is consistent the high public debt accumulation observed in the data. | |||||||||
| 内容記述 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | JEL Classification Codes: E52, E58, E62 | |||||||||
| 発行年 | ||||||||||
| 値 | 2019-09 | |||||||||
| 書誌情報 |
en : GRIPS Discussion Papers Report No. DP19-16, 発行日 2019-09-04 |
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| 出版者 | ||||||||||
| 出版者 | GRIPS Policy Research Center | |||||||||
| 言語 | en | |||||||||
| 関連サイト | ||||||||||
| 関連タイプ | isIdenticalTo | |||||||||
| 識別子タイプ | URI | |||||||||
| 関連識別子 | https://ideas.repec.org/p/ngi/dpaper/19-16.html | |||||||||
| 関連名称 | https://ideas.repec.org/p/ngi/dpaper/19-16.html | |||||||||
| 著者情報 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | https://www.grips.ac.jp/list/jp/facultyinfo/leon_gonzalez_roberto/ | |||||||||
| 著者版フラグ | ||||||||||
| 出版タイプ | AM | |||||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||||
