given all of the above, more likely the expansionary fiscal policy will end up being contractionary in ... The saddest part of this is the long terms effects. Poverty, if appropriately measured ...

32, No. 1, Winter 2018 Short-Run and Long-Run Effects of Milton... Barro, Robert J., and David B. Gordon. 1983. "Rules, Discretion and Reputation in a Model of Monetary Policy." Journal of Monetary ...

We show that, due to this tradeoff, long-term risk free rates play a critical role in shaping insurers' demand for risky private debt. Contractionary monetary policy shocks that raise long-term ...

Central banks conduct monetary policy to achieve price stability, but decisions also have effects on labor-market outcomes. In this paper, we identify exogenous monetary shocks with the ‘interest rate ...

"Gone are the days of lack of coordination with respect to the 'two legs' of monetary policy and fiscus or national budget management." Tight, or contractionary, monetary policy is a course of ...