Optimal fiscal feedback on debt in an economy with nominal rigidities
We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal. We look at the extent to which different degrees of fiscal feedback enhances or detracts from the ability of the monetary authorities to stabilise output and...
| Asıl Yazarlar: | , |
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| Materyal Türü: | Working paper |
| Baskı/Yayın Bilgisi: |
University of Oxford
2007
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