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income taxes, printing money, and issuing one-period nominally risk-free bonds. The main findings of the paper are: First …
Persistent link: https://www.econbiz.de/10010318338
This paper studies optimal fiscal and monetary policy
Persistent link: https://www.econbiz.de/10010318348
A growing empirical and theoretical literature argues in favor of specifying monetary policy in the form of Taylor-type interest rate feedback rules. That is, rules whereby the nominal interest rate is set as an increasing function of inflation with a slope greater than one around an intended...
Persistent link: https://www.econbiz.de/10010318350