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a roughly equivalent number elsewhere in the economy. At a product-specific or micro level and in the short term …, controlling trade could reduce the offending imports and save jobs, but for the economy as a whole and in the long term, this …
Persistent link: https://www.econbiz.de/10011420101
a roughly equivalent number elsewhere in the economy. At a product-specific or micro level and in the short term …, controlling trade could reduce the offending imports and save jobs, but for the economy as a whole and in the long term, this …
Persistent link: https://www.econbiz.de/10012169861
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-in-advance economy under three alternative monetary policy regimes. It shows that the price level is indeterminate under a nominal …
Persistent link: https://www.econbiz.de/10011576552
In this paper, we study Ramsey-optimal fiscal and monetary policy in a mediumscale model of the U.S. business cycle. The model features a rich array of real and nominal rigidities that have been identified in the recent empirical literature as salient in explaining observed aggregate...
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