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Monetary–Fiscal Policy Interactions under Implementable Monetary Policy Rules
fiscal theory rational expectations Taylor rules
2011/8/21
his paper examines the implications of forward- and backward-looking monetary policy rules in an environment with monetary–fiscal interactions. We find that the unique stationary rational expectations...
The importance of output for the monetary policy rules
the policy makers the central banks monetary policy regimes
2011/8/21
We examine the importance of variable output (Gross Domestic Product (GDP) growth rate) on the preferences of the policy makers. We do so by examining the effect of output regimes on the form of monet...
Monetary policy rules and U.S. monetary policy
monetary policy monetary policy rule neutral rate of interest
2011/8/21
An inflation-augmented Atesoglu monetary policy rule is introduced. The Atesoglu rule is based on an estimate of the neutral rate of interest of Keynes. Actual Fed monetary policy and policy implied b...