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...
| Asıl Yazarlar: | , |
|---|---|
| Materyal Türü: | Working paper |
| Dil: | English |
| Baskı/Yayın Bilgisi: |
CEPR
1988
|