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Central banks as fiscal players : the drivers of fiscal and monetary policy space
Buiter, Willem H. - 2021
works, when modern monetary theory makes sense, why the Eurosystem has a potentially fatal design flaw, why the fiscal … theory of the price level is a fallacy and how to escape from the zero lower bound. …
Persistent link: https://www.econbiz.de/10013272434
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The Elusive Welfare Economics of Price Stability as a Monetary Policy Objective : Why New Keynesian Central Bankers Should Validate Core Inflation
Buiter, Willem H. - 2021
The paper studies the inflation rate associated with optimal monetary and fiscal policy in a number of standard dynamic stochastic general equilibrium models with nominal price rigidities. While the focus is on Calvo-style nominal price contracts with a range of indexation rules for constrained...
Persistent link: https://www.econbiz.de/10013317652
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Central banks as fiscal players : the drivers of fiscal and monetary policy space
Buiter, Willem H. - 2021
Persistent link: https://www.econbiz.de/10012298881
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The elusive welfare economics of price stability as a monetary policy objective: why New Keynesian central bankers should validate core inflation
Buiter, Willem H. - 2006
The paper studies the inflation rate associated with optimal monetary and fiscal policy in a number of standard dynamic stochastic general equilibrium models with nominal price rigidities. While the focus is on Calvo-style nominal price contracts with a range of indexation rules for constrained...
Persistent link: https://www.econbiz.de/10011604655