Kirsanova, Tatiana (contributor); … - 2007
: Fiscal Policy, Feedback Rules, Debt, Macroeconomic Stabilisation
JEL Reference Number: E52, E61, E63, F41
∗We thank John … fiscal policy is far
less flexible than monetary policy. Partly as a result, the focus of policy makers seems to be on how … feedback parameter. We compare this simple fiscal feedback to a fully
optimal fiscal policy, where spending can also adjust …