Monetary-Fiscal Policy Interactions under Implementable Monetary Policy Rules
This paper examines the implications of forward- and backward-looking monetary policy rules in an environment with monetary-fiscal interactions. We find that the unique stationary rational expectations equilibrium (REE) is always non-Ricardian under simple implementable monetary policy rules. Copyright (c) 2008 The Ohio State University.
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Volume (Year): 40 (2008)
Issue (Month): 5 (August)
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