Macroeconomic Policy and Economic Performance
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper analyses the major changes in both monetary and fiscal policy that have taken place over the past two decades and, within the limits of the existing empirical research, evaluates the overall costs and benefits for the OECD economies. The general findings for monetary policy are that, while it was costly to lower inflation (in terms of...
