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How stimulative has fiscal policy been around the world?

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Fiscal policy multipliers : the role of monopolistic competition, scale economics, and international substitution in labour supply

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Do heterogeneous expectations constitute a challenge for policy interaction?

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The euro crisis : undetected by conventional economics, favoured by nationally focused polity

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Do heterogeneous expectations constitute a challenge for policy interaction?

Gasteiger, Emanuel - 2016

Yes, indeed; at least for macroeconomic policy interaction. We examine a Neo-Classical economy and provide the conditions for policy arrangements to successfully stabilize the economy when agents have either rational or adaptive expectations. For a contemporaneous-data monetary policy rule, the...

Persistent link: https://www.econbiz.de/10011513023