Monetary and Fiscal Policy Interactions in the Post-war U.S /
A New Keynesian model allowing for an active monetary and passive fiscal policy (AMPF) regime and a passive monetary and active fiscal policy (PMAF) regime is fit to various U.S. samples from 1955 to 2007. Data in the pre-Volcker periods strongly prefer an AMPF regime, but the estimation is not very...
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| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2010.
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| Colección: | IMF Working Papers; Working Paper ;
No. 2010/243 |
| Acceso en línea: | Full text available on IMF |