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During the recent inflation episode, the paradigm of separated objectives for monetary and fiscal policies has shown some limits. Fiscal policies have helped mitigate inflation. We advocate for the emergence of a new paradigm that gives equal consideration to fiscal and monetary policies and...
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economy that takes into account long run factors. This seems necessary when dealing with a multi annual variable like public …
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We estimate a structural vector autoregressive (SVAR) model of the French economy. The econometric method originates in … objective, on the one hand, of assessing the effects of fiscal and monetary policy shocks on the economy; and, on the other, of …
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