Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints
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Keywords
External shocks; Economic models; Fiscal policy; Monetary policy; Optimal simple rules; monetary policy rules; fiscal policy rules; welfare analysis; borrowing constraints; tax revenue; inflation; government spending;NEP fields
This paper has been announced in the following NEP Reports:- NEP-ALL-2010-01-30 (All new papers)
- NEP-CBA-2010-01-30 (Central Banking)
- NEP-MAC-2010-01-30 (Macroeconomics)
- NEP-MON-2010-01-30 (Monetary Economics)
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