Financial stability, wealth effects and optimal macroeconomic policy combination in the United Kingdom: A new-Keynesian dynamic stochastic general equilibrium framework

Financial stability, wealth effects and optimal macroeconomic policy combination in the United Kingdom: A new-Keynesian dynamic stochastic general equilibrium framework

This study derives an optimal macroeconomic policy combination for financial sector stability in the United Kingdom by employing a New Keynesian Dynamic Stochastic General Equilibrium (NK-DSGE) framework. The empirical results obtained show that disciplined fiscal and accommodative monetary policies...

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Bibliographic Details
Main Authors: Muhammad Ali Nasir, Milton Yago, Alaa M. Soliman, Junjie Wu
Format: Article
Language:English
Published: Taylor & Francis Group 2016-12-01
Series:Cogent Economics & Finance
Subjects:
optimal policy
financial markets
wealth effects
bayesian estimation
nk-dsge model
Online Access:http://dx.doi.org/10.1080/23322039.2015.1136098

Internet

http://dx.doi.org/10.1080/23322039.2015.1136098

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