Siu, Henry E. (contributor) - 2002 - [Elektronische Ressource]
important consideration since studies that consider optimal
monetary policy devoid of fiscal considerations prescribe stable … presents results for models
with large government spending shocks. Section 9 concludes.
2 The Model
Let st denote the event … smaller than that considered in
other studies with sticky prices.10 This was chosen as a compromise between
the sticky price …