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A Note on Timeless Perspective Policy Design

15 Pages Posted: 5 Jun 2005

See all articles by Tatiana Kirsanova

Tatiana Kirsanova

University of Glasgow

Andrew P. Blake

Bank of England - CCBS

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

Kirsanova, Tatiana and Blake, Andrew P., A Note on Timeless Perspective Policy Design. Available at SSRN: https://ssrn.com/abstract=736268

Tatiana Kirsanova (Contact Author)

University of Glasgow ( email )

Adam Smith Business School
Glasgow, Scotland G12 8LE
United Kingdom

Andrew P. Blake

Bank of England - CCBS ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

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