We construct a computational dynamic stochastic and explore the impact of policy stickiness on optimal long-run fiscal policy.

Recent failures of monetary and fiscal policy reflect deficiencies in prevailing theories of demand management. Taking available data into account, this book discusses the merits and shortcomings of Keynesian and monetarist approaches and develops the lines along which our theories need to be...

This note describes some of the early policy developments in the UK and the way in which the framing and understanding of a novel economic problem evolved to include a focus on livelihoods combining social protection and business support orientations. It highlights various points including the...

A selection of public addresses and congressional statements from Arthur Burn's during his time as the Chairman of the Federal Reserve System.

The authors study how the difference between federal and unitary systems of government can contribute to variations in economic volatility across democracies.