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Monetary/Fiscal Policy Mix and Agents' Beliefs

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NBER2014-06-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w20194
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资源简介:
We reinterpret post World War II US economic history using an estimated microfounded model that allows for changes in the monetary/fiscal policy mix. We find that the fiscal authority was the leading authority in the 60s and the 70s. The appointment of Volcker marked a change in the conduct of
提供机构:
美国国家经济研究局
创建时间:
2014-06-01
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