Interest Rate Cuts vs. Stimulus Payments: An Equivalence Result
收藏NBER2021-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29193
下载链接
链接失效反馈官方服务：
资源简介：
In a textbook New Keynesian model extended to allow for uninsurable household income risk, any path of inflation and output implementable via interest rate policy is similarly implementable through uniform lump-sum transfers ("stimulus checks"). A dual-mandate policymaker can thus use checks to
提供机构：
美国国家经济研究局
创建时间：
2021-08-01
