Pareto Improving Fiscal and Monetary Policies: Samuelson in the New Keynesian Model
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This paper explores the positive and normative consequences of government bond issuances in a New Keynesian model with heterogeneous agents, focusing on how the stock of government bonds affects the cross-sectional allocation of resources in the spirit of Samuelson (1958). We characterize the Pareto
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美国国家经济研究局创建时间：
2023-06-01
