Monetary–Fiscal Policy Interactions under Implementable Monetary Policy Rules
William A. 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.
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jmoncb:v:40:y:2008:i:5:p:1095-1102
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