A Fiscal Theory of Persistent Inflation
收藏NBER2022-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30727
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资源简介：
We develop a new class of general equilibrium models with partially unfunded debt to propose a fiscal theory of persistent inflation. In response to business cycle shocks, the monetary authority controls inflation and the fiscal authority stabilizes debt. How- ever, the central bank accommodates
提供机构：
美国国家经济研究局
创建时间：
2022-12-01
