Monetary and Fiscal Policy Interactions in the Post-war U.S

Monetary and Fiscal Policy Interactions in the Post-war U.S
A New Keynesian model allowing for an active monetary and passive fiscal policy (AMPF) regime and a passive monetary and active fiscal policy (PMAF) regime is fit to various U.S. samples from 1955 to 2007. Data in the pre-Volcker periods strongly prefer an AMPF regime, but the estimation is not very informative about whether the inflation... READ MORE...

Publication date: November 2010
ISBN 9781455209439
$18.00

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