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Author:Sargent, T. J.
Title:A primer on monetary and fiscal policy.
Journal:Journal of Banking and Finance
1999 : OCT, VOL. 23:10, p. 1463-1482
Index terms:Monetary policy
Financial policy
Fiscal policy
Inflation
Rational expectations
Language:eng
Abstract:This paper describes limitations, possibilities, and suitable goals for monetary policy within the existing pattern of instituional responsibilities. The economic limitations of what can be achieved by monetary policy are summarized in six propositions developed in the paper.
SCIMA record nr: 199264
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