Monetary-Fiscal Policy Interactions under Implementable Monetary Policy Rules

This paper examines the implications of forward- and backward-looking monetary policy rules in an environment with monetary-fiscal interactions. We find that the unique stationary rational expectations equilibrium (REE) is always non-Ricardian under simple implementable monetary policy rules. Copyright (c) 2008 The Ohio State University.

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Year of publication:	2008
Authors:	BRANCH, WILLIAM A. ; DAVIG, TROY ; McGOUGH, BRUCE
Published in:	Journal of Money, Credit and Banking. - Blackwell Publishing. - Vol. 40.2008, 5, p. 1095-1102
Publisher:	Blackwell Publishing

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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