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taxation, modest inflation, and some reneging on the government's promised transfers. In the equilibrium, inflation …
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In this lecture, I argue that there are remarkable parallels between how monetary and fiscal policies operate on the macro economy and that these parallels are sufficient to lead us to think about transforming fiscal policy and fiscal institutions as many countries have transformed monetary...
Persistent link: https://www.econbiz.de/10012463382
taxation, modest inflation, and some reneging on the government's promised transfers. In the equilibrium, inflation …
Persistent link: https://www.econbiz.de/10013095028