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Understanding Inflation as a Joint Monetary-Fiscal Phenomenon

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NBER2016-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21867
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资源简介:
We develop the theory of price-level determination in a range of models using both ad hoc policy rules and jointly optimal monetary and fiscal policies and discuss empirical issues that arise when trying to identify monetary-fiscal regime. The article concludes with directions in which theoretical
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2016-01-01
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