Central Bank Credibility and Fiscal Responsibility
收藏NBER2023-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31246
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资源简介：
We consider a New Keynesian model with strategic monetary and fiscal interactions. The fiscal authority maximizes social welfare. Monetary policy is delegated to a central bank with an anti-inflation bias that suffers from a lack of commitment. The impact of central bank hawkishness on debt issuance
提供机构：
美国国家经济研究局
创建时间：
2023-05-01
