Implications of Fiscal-Monetary Interaction from HANK Models
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https://www.nber.org/papers/w34117
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资源简介：
I describe nine implications of the interconnectedness of fiscal and monetary policy that surface in Heterogeneous Agent New Keynesian (HANK) models. Not all are unique to HANK models. (i) Long run fiscal changes force monetary adjustments. (ii) Sustainable permanent deficits are feasible. (iii)
提供机构：
美国国家经济研究局
创建时间：
2025-08-01
