An Exploration of Optimal Stabilization Policy
收藏NBER2011-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17029
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资源简介:
This paper examines the optimal response of monetary and fiscal policy to a decline in aggregate demand. The theoretical framework is a two-period general equilibrium model in which prices are sticky in the short run and flexible in the long run. Policy is evaluated by how well it raises the welfare
提供机构:
美国国家经济研究局
创建时间:
2011-05-01



