Optimal Time-Consistent Monetary, Fiscal and Debt Maturity Policy
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下载链接：
https://www.nber.org/papers/w25658
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资源简介：
The textbook optimal policy response to an increase in government debt is simplemonetary policy should actively target inflation, and fiscal policy should smooth taxes while ensuring debt sustainability. Such policy prescriptions presuppose an ability to commit. Without that ability, the temptation
提供机构：
美国国家经济研究局
创建时间：
2019-03-01
