When is government debt accumulation optimal in a liquidity trap?
Year of publication: |
2023
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Authors: | De Beauffort, Charles |
Published in: |
Journal of economic dynamics & control. - Amsterdam [u.a.] : Elsevier, ISSN 0165-1889, ZDB-ID 717409-3. - Vol. 147.2023, p. 1-22
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Subject: | Optimal time-consistent policy | Distortionary taxation | Liquidity trap | Fiscal and monetary policy | Sticky wages | Rule-of-thumb consumers | Geldpolitik | Monetary policy | Liquiditätspräferenz | Liquidity preference | Theorie | Theory | Finanzpolitik | Fiscal policy | Lohnrigidität | Wage rigidity | Optimale Besteuerung | Optimal taxation | Öffentliche Schulden | Public debt | Neoklassische Synthese | Neoclassical synthesis | Zeitkonsistenz | Time consistency | Steuerpolitik | Tax policy | Zinspolitik | Interest rate policy |
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