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We study the impact of the interaction between fiscal and monetary policy on the low-frequency relationship between the fiscal stance and inflation using crosscountry data from 1965 to 1999. In a first step, we contrast the monetary-fiscal narrative for Germany, the U.S. and Italy with evidence...
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Yes, indeed; at least for macroeconomic policy interaction. We examine a Neo-Classical economy and provide the … conditions for policy arrangements to successfully stabilize the economy when agents have either rational or adaptive …
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