Publication: Monetary and fiscal policies in dynamic models of the open economy
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Date
1998
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Acceso abierto / Sarbide irekia
Documento de trabajo / Lan gaia
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Abstract
This paper discusses the relative effectiveness of monetary and fiscal policies in a series of dynamic models of the open economy, by embodying in a unified general framework some different assumptions previously stated in the literature. In addition to the final steady-state results, we also examine those effects arising both on impact of policy measures, and on announcement when such policies are perfectly anticipated by the agents.
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Economía / Ekonomia
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