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Open economy macro theory says that when a country is subject to idiosyncratic macro shocks, it should have its own …
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Open economy macro theory says that when a country is subject to idiosyncratic macro shocks, it should have its own …
Persistent link: https://www.econbiz.de/10013073571
When monetary policy is constrained by the zero lower bound, fiscal policy can be used to achieve macro stabilization objectives. At the same time, fiscal policy is also a key policy variable within a single currency area that allow policy-makers to respond to regional demand asymmetries. How do...
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When monetary policy is constrained by the zero lower bound, fiscal policy can be used to achieve macro stabilization objectives. At the same time, fiscal policy is also a key policy variable within a single currency area that allow policy makers to respond to regional demand asymmetries. How do...
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