Showing 1 - 10 of 31
Persistent link: https://www.econbiz.de/10000950276
Persistent link: https://www.econbiz.de/10001159797
Persistent link: https://www.econbiz.de/10002624953
Persistent link: https://www.econbiz.de/10002624963
Persistent link: https://www.econbiz.de/10011709448
Persistent link: https://www.econbiz.de/10011696218
Persistent link: https://www.econbiz.de/10000123632
This paper demonstrates how time consistency of the Ramsey policy - the optimal fiscal and monetary policy under commitment - can be achieved. Each government should leave its successor with a unique maturity structure for the nominal and indexed debt, such that the marginal benefit of a...
Persistent link: https://www.econbiz.de/10013232768
Persistent link: https://www.econbiz.de/10000759235
This paper demonstrates how time consistency of the Ramsey policy - the optimal fiscal and monetary policy under commitment - can be achieved. Each government should leave its successor with a unique maturity structure for the nominal and indexed debt, such that the marginal benefit of a...
Persistent link: https://www.econbiz.de/10012467597