Fiscal and Monetary Policy

Thomas F. Mayer · Steven M. Sheffrin

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

Abstract

This two-volume set covers fiscal and monetary policy. It contains 28 articles dating from 1953 to 1993. They address issues such as the effects of lags on the feasibility of stabilization policy, time inconsistency, the motivation of monetary and fiscal authorities, the Lucas critique, Ricardian equivalence, the choice of monetary targets, feedback rules, international aspects of monetary policy, and the appropraite role of gevernment in the monetary system. Contributors include: R.J.Barro, M, Friedman, R.E. Lucas Jr, T.J. Sargent and R.M. Solow.

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