Optimal monetary policy and fiscal policy interaction in a non-Ricardian economy
This paper studies optimal discretionary monetary policy and its interaction with fiscal policy in a New Keynesian model with finitely lived consumers and government debt. Optimal discretionary monetary policy involves debt stabilization to reduce consumption dispersion across cohorts of consumers....
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
International Journal of Central Banking
2018
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