Navigating by Falling Stars: Monetary Policy with Fiscally Driven Natural Rates
收藏NBER2024-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32219
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资源简介：
We study a new type of monetary-fiscal interaction in a heterogeneous-agent New Keynesian model with a fiscal block. Due to household heterogeneity, the stock of public debt affects the natural interest rate, forcing the central bank to adapt its monetary policy rule to the fiscal stance to
提供机构：
美国国家经济研究局
创建时间：
2024-03-01
