Regional Market Integration and Fiscal-Monetary Policy Effects
نویسندگان
چکیده
منابع مشابه
Optimal Fiscal and Monetary Policy
We study optimal fiscal and monetary policy in an environment where explicit frictions give rise to valued money, making money essential in the sense that it expands the set of feasible trades. Our main results are in stark contrast to the prescriptions of earlier flexible-price Ramsey models. The two most important findings that emerge from our work are that the Friedman Rule is typically not ...
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ژورنال
عنوان ژورنال: Studies in Regional Science
سال: 1991
ISSN: 0287-6256,1880-6465
DOI: 10.2457/srs.22.167