Stabilizing Expectations under Monetary and Fiscal Policy Coordination
收藏NBER2008-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14391
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This paper analyzes the constraints imposed on monetary and fiscal policy design by expectations formation. Households and firms learn about the policy regime using historical data. Regime uncertainty substantially narrows, relative to a rational expectations analysis of the model, the menu of
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美国国家经济研究局创建时间：
2008-10-01
