Time Consistency of Fiscal and Monetary Policy: A Solution
收藏NBER2005-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11088
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资源简介：
This paper demonstrates how time consistency of the Ramsey policy - the optimal fiscal and monetary policy under commitment - can be achieved. Each government should leave its successor with a unique maturity structure for the nominal and indexed debt, such that the marginal benefit of a surprise
提供机构：
美国国家经济研究局
创建时间：
2005-01-01
