Money-Based versus Exchange Rate-Based Stabilization with Endogenous Fiscal Policy
收藏NBER1995-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5300
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资源简介：
We present a standard intertemporal model in which fiscal policy is determined by an optimizing but non-benevolent fiscal authority. If the fiscal authority is impatient, a money-based stabilization provides more fiscal discipline and higher welfare for the representative agent than does an exchange
提供机构：
美国国家经济研究局
创建时间：
1995-10-01
