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. This shows that under low levels of CBI, the fiscal authority will use both the fiscal and monetary instruments … simultaneously, whereas in the case of high CBI, the fiscal authority will not be able to use the monetary instrument and only the …
Persistent link: https://www.econbiz.de/10009474984
Persistent link: https://www.econbiz.de/10011786212
conflicted with economic theory and best practice. Not theunification "shock" itself, but the ill-guided fiscal and monetary …
Persistent link: https://www.econbiz.de/10010854315
, Sargent finds that there is no purely monetary cure for inflation; rather, monetary and fiscal policies must be coordinated …
Persistent link: https://www.econbiz.de/10010604618
The paper reviews some of the most important results of the LCH for understanding individual and aggregate saving behaviour. It then turns to the implications for fiscalpolicy and social security, highlighting Modigliani's seminal contributions. Over time competing theories have emerged, and...
Persistent link: https://www.econbiz.de/10010752465
process. The absence of the stock of money in many current debates over monetary policy has prompted the statement by the … model, namely that of dichotomy between the monetary and the real sector. The second is that some of these attempts either …
Persistent link: https://www.econbiz.de/10010752482
The paper reviews some of the most important results of the LCH for understanding individual and aggregate saving behaviour. It then turns to the implications for fiscalpolicy and social security, highlighting Modigliani's seminal contributions. Over time competing theories have emerged, and...
Persistent link: https://www.econbiz.de/10010752508
conflicted with economic theory and best practice. Not theunification "shock" itself, but the ill-guided fiscal and monetary …
Persistent link: https://www.econbiz.de/10010752521
process. The absence of the stock of money in many current debates over monetary policy has prompted the statement by the … model, namely that of dichotomy between the monetary and the real sector. The second is that some of these attempts either …
Persistent link: https://www.econbiz.de/10010752526
Persistent link: https://www.econbiz.de/10008540726