HALLETT, Andrew HUGHES; LIBICH, Jan; STEHLÍK, Petr - In: Czech Journal of Economics and Finance (Finance a uver) 64 (2014) 1, pp. 2-29
Well before the global financial crisis, the long-term trend in fiscal policy had raised concerns about risks for the outcomes of monetary policy. Are fears of an unpleasant monetarist arithmetic justified? To provide some insights, this paper examines strategic fiscal-monetary interactions in a...