Monetary and fiscal policy interactions in a new Keynesian model with capital accumulation and non-Ricardian consumers /

This paper develops a small New Keynesian model with capital accumulation and government debt dynamics. The paper discusses the design of simple monetary and fiscal policy rules consistent with determinate equilibrium dynamics in the absence of Ricardian equivalence. Under this assumption, governmen...

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Bibliographic Details
Main Author: Leith, Campbell
Other Authors: Thadden, Leopold von, 1965-
Format: Book
Language:English
Published: Frankfurt am Main : Deutsche Bundesbank, 2006
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies ; no. 21/2006
Subjects:
Online Access:http://www.gla.ac.uk/media/media_22176_en.pdf