Monetary-Fiscal Policy Interactions under Implementable Monetary Policy Rules
William Branch (),
Troy Davig () and
Bruce McGough ()
Journal of Money, Credit and Banking, 2008, vol. 40, issue 5, 1095-1102
This paper examines the implications of forward- and backward-looking monetary policy rules in an environment with monetary-fiscal interactions. We find that the unique stationary rational expectations equilibrium (REE) is always non-Ricardian under simple implementable monetary policy rules. Copyright (c) 2008 The Ohio State University.
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Journal Article: Monetary–Fiscal Policy Interactions under Implementable Monetary Policy Rules (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:40:y:2008:i:5:p:1095-1102
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