Optimal Monetary and Fiscal Policy with Limited Asset Market Participation /
This paper characterises the jointly optimal monetary and fiscal stabilisation policy in a new Keynesian model that allows for consumers who lacking access to asset markets consume their disposable income each period. With full asset market participation, the optimal policy relies entirely on the in...
| Հիմնական հեղինակ: | |
|---|---|
| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Շարք: | IMF Working Papers; Working Paper ;
No. 2009/137 |
| Առցանց հասանելիություն: | Full text available on IMF |