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Optimal fiscal and monetary policy, sticky prices
optimal cyclical monetary policy, Friedman rule, prices set in advance
Friedman Rule, Optimal Cyclical Monetary Policy, Prices Set in Advance
Monetary policy, policy instruments, sticky prices, state-contingent interest rates
Monetary policy, interest rate rules, unique equilibrium
credit policy, credit subsidies, monetary policy, zero-lower bound on nominal interest rates, banks, costly enforcement
Consumption taxes, equity, fundamental tax reform, heterogeneous agents
