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control inflation and influence the economy in the usual ways. The paper discusses models of fiscal limits and their … implications and lays out a research agenda to integrate political economy and empirical considerations with general equilibrium …
Persistent link: https://www.econbiz.de/10012461838
control inflation and influence the economy in the usual ways. The paper discusses models of fiscal limits and their … implications and lays out a research agenda to integrate political economy and empirical considerations with general equilibrium …
Persistent link: https://www.econbiz.de/10013129132
Persistent link: https://www.econbiz.de/10003878024
macro economy and that these parallels are sufficient to lead us to think about transforming fiscal policy and fiscal …
Persistent link: https://www.econbiz.de/10012463382
macro economy and that these parallels are sufficient to lead us to think about transforming fiscal policy and fiscal …
Persistent link: https://www.econbiz.de/10013151140
Persistent link: https://www.econbiz.de/10011431553
Persistent link: https://www.econbiz.de/10001984801
Persistent link: https://www.econbiz.de/10010225030
Persistent link: https://www.econbiz.de/10003483221
The textbook optimal policy response to an increase in government debt is simple--monetary policy should actively target inflation, and fiscal policy should smooth taxes while ensuring debt sustainability. Such policy prescriptions presuppose an ability to commit. Without that ability, the...
Persistent link: https://www.econbiz.de/10012479609