On the Interaction of Monetary and Fiscal Policy

Research, Preprint OPEN
Chadha, Jagjit S.; Nolan, Charles;
  • Publisher: Faculty of Economics
  • Related identifiers: doi: 10.17863/CAM.5361
  • Subject: monetary and fiscal policy | finite lives | E21, E32, E52, E63 [Classification-JEL] | optimal simple rules | optimal simple rules, monetary and fiscal policy, finite lives
    • jel: jel:E21 | jel:E32 | jel:E52 | jel:E63

In this paper we review some fundamental issues that have been identified by macroeconomists in discussing the co-ordination of monetary and fiscal policy. As Sargent and Wallace (1981) graphically illustrated, the consolidated public sector present-value budget cons... View more
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