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Comments on “Optimal fiscal and monetary policy under imperfect competition”

✍ Scribed by Charles T Carlstrom


Book ID
113722180
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
143 KB
Volume
26
Category
Article
ISSN
0164-0704

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Imperfect price adjustment and the optim
✍ Mark Gertler 📂 Article 📅 1979 🏛 Elsevier Science 🌐 English ⚖ 822 KB

The paper considers the coordination of monetary and fiscal policy for a closed economy with the following properties: a Keynesian short-run, a classical steady state and serially cori'elated price adjustment. Given a set of plausible targets, the system is perfectly controllable in the sense of Aok