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Inequality, Business Cycles, and Monetary-Fiscal Policy

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NBER2018-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24710
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资源简介:
We study optimal monetary and fiscal policy in a model with heterogeneous agents, incomplete markets, and nominal rigidities. We develop numerical techniques to approximate Ramsey plans and apply them to a calibrated economy to compute optimal responses of nominal interest rates and labor tax rates
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2018-06-01
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