Leith, Campbell; Moldovan, Ioana; Rossi, Raffaele - Department of Economics, Adam Smith Business School - 2009
Recent work on optimal policy in sticky price models suggests that demand management through fiscal policy adds little … of goods to the public and private sectors. We then describe optimal monetary and fiscal policy in our New Keynesian …Monetary and Fiscal Policy under Deep Habits
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Campbell Leith Ioana Moldovan Raffaele Rossi
University of Glasgow …