Alstadheim, Ragna; Henderson, Dale W. - 2004
fiscal policy does not. Plausible
fiscal policies preclude BTE for any monetary policy; those policies exclude surpluses and … policy,
monetary rule, fiscal policy, money demand
*
Alstadheim is an Assistant Professor at Howard University, and Henderson … below-target value.
2
Fiscal policy may preclude
BTE; in particular, a balanced-budget fiscal policy precludes BTE in which …