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Inflation's Role in Optimal Monetary-Fiscal Policy

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NBER2013-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19686
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资源简介:
We study how the maturity structure of nominal government debt affects optimal monetary and fiscal policy decisions and equilibrium outcomes in the presence of distortionary taxes and sticky prices. Key findings are: (1) there is always a role for current and future inflation innovations to revalue
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2013-11-01
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