Quantitative Goals for Monetary Policy
نویسندگان
چکیده
منابع مشابه
Distortionary Fiscal Policy and Monetary Policy Goals
We reconsider the role of an inflation conservative central banker in a setting with distortionary taxation. To do so, we assume monetary and fiscal policy are decided by independent authorities that do not abide to past commitments. If the two authorities make policy decisions simultaneously, inflation conservatism causes fiscal overspending. But if fiscal policy is determined before monetary ...
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The opinions expressed here are those of the authors and should not be attributed to the Reserve Bank of Australia. We are indebted to a number of colleagues for helpful discussion, particularly Palle Andersen, David Gruen, Philip Lowe and Jenny Wilkinson. We also thank John Simon for excellent assistance with computing.
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 2007
ISSN: 0022-2879,1538-4616
DOI: 10.1111/j.1538-4616.2007.00061.x