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Bibframe Work

Title
Fiscal policy in a monetarist model
Type
Text
Monograph
Contribution
Miller, Preston J. (author)
Subject
Fiscal policy--Mathematical models (LCSH)
Monetary policy--Mathematical models (LCSH)
Language
English (eng)
Classification
LCC: HB1 (Assigner: dlc) (Status: used by assigner)
Supplementary Content
bibliography (bibliography)
Content
text (txt)
Summary
"In a model which exhibits many monetarist properties it is shown that monetary and fiscal policies must be coordinated. The model is populated by overlapping generations of three-period lived agents who can hold fiat money, fiat bonds, and physical capital. A government produces a public good and issues both money and fiat bonds to finance permanent budget deficits. In this model both fiat money and fiat bonds can have value in equilibrium, and their co-existence can allow a more efficient financing of deficits than can a single debt instrument"--Federal Reserve Bank of Minneapolis web site.
Table Of Contents
Government Publication Type
federal or national
Authorized Access Point
Miller, Preston J. Fiscal policy in a monetarist model
Admin Metadata
Status: new
Date: 2007-10-16
Admin Metadata
Status: changed
Date: 2013-06-03T11:24:27
Admin Metadata
Status: changed
Date: 2025-08-15T18:47:28.458486-04:00
Admin Metadata
Encoding Level: minimal
Description Conventions: Anglo-American cataloguing rules
Identified By: bf:Local, 15046684
Note: 040 $aDLC$cDLC
Non-rendered Predicates: bflc:marcKey bflc:marcKey bflc:marcKey bflc:marcKey

Series
Federal Reserve Bank of Minneapolis, Research Department staff report 67
Staff report (Federal Reserve Bank of Minneapolis. Research Department : Online) 67.