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Optimal Monetary and Fiscal Policy: A Linear Quadratic Approach

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NBER2003-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9905
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We propose an integrated treatment of the problems of optimal monetary and fiscal policy, for an economy in which prices are sticky and the only available sources of government revenue are distorting taxes. Our linear-quadratic approach allows us to nest both conventional analyses of optimal
创建时间:
2003-08-01
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