Research of Switching Regimes in Dynamic Models of General Equilibrium with Description of Fiscal and Monetary Policy

Student: Dang Zyong

Educational Programme: Economics (Bachelor)

Final Grade: 10

Year of Graduation: 2016

In this work model of intertemporal equilibrium of three agents (proprietor-consumer, firm-producer, bank) is presented. Besides them, there also exists two independent institutions: the Central Bank and the Government. Various possible sets of operating that define dynamic equilibrium in model are considered. It is shown analytically how the impact of fiscal policy can lead to an effective equilibrium.

Full text (added May 13, 2016)

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