Optimal Simple and Implementable Monetary and Fiscal Rules: Expanded Version

2006-08-01reportNational Bureau of Economic Research75 citationsgreen

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Monetary Policy and Economic Impact Fiscal Policies and Political Economy Economic theories and models

Abstract

This paper is a substantially revised and expanded version of "Optimal Simple and Implementable Monetary and Fiscal Rules," NBER working paper 10253, January 2004.A novel aspect of this revision is that it computes the Ramsey-optimal policy and uses it as the point of comparison for policy evaluation.We thank for comments an anonymous referee,

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