Stepping on a Rake: the Fiscal Theory of Monetary Policy
收藏NBER2016-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22979
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资源简介：
The fiscal theory of the price level can describe monetary policy. Governments can set interest rate targets and thereby affect inflation, with no change in fiscal surpluses. The same basic mechanism describes interest rate targets, forward guidance, open market operations, and quantitative easing.
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美国国家经济研究局创建时间：
2016-12-01
