the monetary and fiscal policy responses to the inflationary shock. Our results indicate that the effects of inflation … winners of the inflation surge, while older individuals with large nominal net savings positions are the main losers. Fiscal … policy measures, especially those targeted towards low-income households, were successful in dampening the negative and …

This study provides a critical assessment of various fiscal policy instruments - including direct public job creation … of fiscal policy, this article concentrates on the qualitative aspects and examines the role of fiscal instruments in …