with the short-run impact of changes in monetary policy. Here again the fiscal structure complicates the economy's response …

order to stabilize the real economy. A modified Taylor curve, the forecast Taylor curve, showing the tradeoff between the … achieved an efficient stabilization of both inflation and the real economy and what relative weight on the stability of … inflation and the real economy has effectively been applied. Ex ante evaluation may be more relevant than evaluation ex post …

private capitalism to government-dominated economy more likely …

rate. Discretionary fiscal policy provides an alternative way to stimulate the economy when aggregate demand and interest …