Monetary/Fiscal Policy Mix and Agents' Beliefs
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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
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美国国家经济研究局创建时间：
2014-06-01
