Dosi, Giovanni; Fagiolo, Giorgio; Napoletano, Mauro; … - Centre de recherche en Économie (OFCE), Sciences … - 2014
. Simulation results suggest that the most appropriate policy mix to stabilise the economy requires unconstrained counter-cyclical … fiscal policies, where automatic stabilisers are free to dampen business cycles fluctuations, and a monetary policy targeting …In this paper we explore the effects of alternative combinations of fiscal and monetary poli- cies under different …