Does Monetary Policy Have Expansionary Bias with External Wealth?

This paper investigates how the accumulation of external wealth affects a monetary policy. We demonstrate that though an expansionary bias emerges in a monetary policy, a fiscal method can eliminate such a bias.

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Year of publication:	2008
Authors:	Takamatsu, Satoko
Published in:	Hitotsubashi Journal of Economics. - Graduate School of Economics. - Vol. 49.2008, 1, p. 1-10
Publisher:	Graduate School of Economics
Subject:	external wealth \| monetary policy \| corrective tax policies

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009206552