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integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …
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often questioned the conventional wisdom and established new consensuses in fiscal, monetary and labor market policies by …
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consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …
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seem to include a lot of traditional Keynesian or even Post-Keynesian elements such as endogeneous money or the need for an …
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theoretically and empirically that higher in ation expectations increase households' consumption. We then design a difference …
Persistent link: https://www.econbiz.de/10012490917
The theory and practice of stabilization policy has taken many turns as it evolved over the past century, oscillating between high hopes and deep skepticism regarding the capacity - and desirability - of governments taking responsibility for macroeconomic stability. This paper reviews the...
Persistent link: https://www.econbiz.de/10013383580