This paper proposes a theory of the fiscal foundations of inflation based on imperfect knowledge and learning. The theory is similar in spirit to, but distinct from, unpleasant monetarist arithmetic and the fiscal theory of the price level. Because the assumption of imperfect knowledge breaks Ricardian equivalence, details of fiscal policy, such as the average scale and composition of the publi...

A model of public and private liquidity is constructed that integrates financial intermediation theory with a New Monetarist monetary framework. Key features of the model are non-passive fiscal policy and costs of operating a currency system, which imply that an optimal policy deviates from the Friedman rule. A liquidity trap can exist in equilibrium away from the Friedman rule, and there exist...

What are good inflation targets and by what instrument rules can they be reached? We examine the selection of targets and instruments, in competitive exchange economies with lifecycle consumers facing uninsurable idiosyncratic income risks, by a benevolent monetary authority that seeks to eliminate indeterminacy, thicken asset markets, and influence the choices of an impatient fiscal authority....

Introduction: Extreme weather or climate, including heat waves and cold waves, is considered a health issue causing adverse effects on health, such as cardiovascular diseases (CVDs), mortality and morbidity. Thus, this systematic review aimed to study the impacts of extreme ambient temperature on cardiovascular outcomes. Material and Methods: This study was carried out based on the Preferred R...

This article’s main topic is How New Keynesian and monetary response to most countries’ business cycle recession. The purpose of choosing this study how new monetarist economists respond the 2008 financial crisis in USA by an easy way from definition-model-reality analyze question. Using a case comparative analysis, paper research Model explanations Great Recession different methods causes grea...