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Jointly optimal monetary and fiscal policy rules under borrowing constraints
Bi, Huixin; Kumhof, Michael - 2009
Persistent link: https://www.econbiz.de/10003942818
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Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints
Kumhof, Michael - 2009
We study the welfare properties of an economy where both monetary and fiscal policy follow simple rules, and where a …
Persistent link: https://www.econbiz.de/10012677523