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Optimal Monetary and Fiscal Policy in a Currency Union

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NBER2005-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11815
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We lay out a tractable model for fiscal and monetary policy analysis in a currency union, and analyze its implications for the optimal design of such policies. Monetary policy is conducted by a common central bank, which sets the interest rate for the union as a whole. Fiscal policy is implemented
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2005-12-01
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