Fiscal Policy, Interest Rate Shocks and Prices.
Governments have, in the past, sometimes combined a monetary policy involving setting nominal interest rates with a fiscal policy that only weakly targeted its debt stock. This policy regime has recently been examined under the heading of a "fiscal theory of the price level." In this paper...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2003
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