Monetary Policy and Fiscal Policy: Impact Effects with a New Keynesian 'Assignment' of Weapons to Targets.

This paper considers fiscal and monetary policy in a short-run static macroeconomic model. There are two objectives, control of inflation and control over the growth of national wealth, and a third outcome of importance, a high level of employment. There are two instruments, monetary policy (the sho...

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Detalles Bibliográficos
Autores principales: Meade, J, Vines, D
Formato: Working paper
Lenguaje:English
Publicado: CEPR 1988