“Monetary and Fiscal Policy Interactions in the Post-war U.S.” by Nora Traum and Shu-Chun S. Yang. “A New Keynesian model allowing for an active monetary and passive fiscal policy (AMPF) regime and a passive monetary and active fiscal policy…
“Monetary and Fiscal Policy Interactions in the Post-war U.S.” by Nora Traum and Shu-Chun S. Yang. “A New Keynesian model allowing for an active monetary and passive fiscal policy (AMPF) regime and a passive monetary and active fiscal policy…