The Interactions between Fiscal Policy and Monetary Policy.
This paper studies the interactions of fiscal policy and monetary policy when they stabilize a single economy against shocks in a dynamic setting. If both policy-makers are benevolent, then, in our model, the best outcome is achieved when monetary policy does nearly all of the stabilization. If the...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2005
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