Optimal Fiscal and Monetary Policy Under Imperfect Competition
收藏NBER2003-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10149
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资源简介：
This paper studies optimal fiscal and monetary policy under imperfect competition in a stochastic, flexible-price, production economy without capital. It shows analytically that in this economy the nominal interest rate acts as an indirect tax on monopoly profits. Unless the social planner has
提供机构：
美国国家经济研究局
创建时间：
2003-12-01
