Bernanke, Ben; Reinhart, Vincent; Sack, Brian - 2004
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Bernanke and Reinhart (2004) discuss three alternative, though potentially
complementary, strategies when monetary … world in which financial
frictions are limited and in which a clear dichotomy is maintained between monetary and
fiscal … frictionless financial
markets and complete separation of monetary and fiscal policies, to be sure, are rather
strong. If these …