A Note on Timeless Perspective Policy Design
15 Pages Posted: 5 Jun 2005
Abstract
Working with a typical macroeconomic model we investigate the superiority of timeless perspective policy design. We show that when fiscal policy matters the timeless perspective policy design can cause instability of the economy.
Keywords: Monetary and Fiscal Policy, Timeless Perspective
JEL Classification: E31, E52, E58, E61, C61
Suggested Citation: Suggested Citation
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