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  • Infrequent Fiscal Stabilization 

    Bai, Yuting; Kirsanova, Tatiana (University of GlasgowUniversity of ExeterUniversity of Glasgow, 2013)
    This paper studies discretionary non-cooperative monetary and fiscal policy stabilization in a New Keynesian model, where the fiscal policymaker uses a distortionary taxe as the policy instrument and operates with long ...

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