Discovery Projects - Grant ID: DP0879638

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP0879638

Funding Status
Closed

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Funded Activity Summary

Monetary-fiscal policy interactions and their effect on economic performance: new theory, empirics, and an application to Australia. Both fiscal and monetary policy are powerful tools that affect the wellbeing of individuals. Even if current policies are 'responsible', the social cost of uncertainty about the future is extremely high - to which the 2004 'high interest rates under Labour' election campaign or current heated fiscal debates in the US and EU testify. Our analysis will contribute to the reduction of the social cost by identifying the institutional setting that is robust to 'bad' policymakers, i.e. one in which socially optimal policies are 'institutionalized' (legislated) rather than resting with individuals. Such arrangements are further likely to stimulate investment and economic growth.

Funded Activity Details

Start Date: 01-01-2008

End Date: 30-06-2012

Funding Scheme: Discovery Projects

Funding Amount: $134,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Public Sector Economics | Macroeconomics (Incl. Monetary And Fiscal Theory) | Applied Economics | Mathematical Economics

ANZSRC Socio-Economic Objective (SEO)

Fiscal policy | Monetary policy |

Other Keywords

Applied Economics | Fiscal policy | Macroeconomics (Incl. Monetary And Fiscal Theory) | Mathematical Economics | Monetary policy | Public Sector Economics

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