Justiniano, Alejandro; Primiceri, Giorgio E.; … - Federal Reserve Bank of New York - 2013
. Because the assumption of imperfect knowledge breaks Ricardian equivalence, details of fiscal policy, such as the average … scale and composition of the public debt, matter for inflation. As a result, fiscal policy constrains the efficacy of … moderate had fiscal policy been characterized by a scale and composition of public debt now witnessed in some advanced …