E31 - Price Level; Inflation; Deflation

• Asset Stocks and the Use of Monetary and Fiscal Policies to Reduce Inflation

  Technical Report No. 35 Paul Masson

  This paper analyzes the dynamic behaviour of a country's economy under different policy regimes, by examining the cyclical effects that occur when certain intermediate macroeconomic targets are adopted. To highlight the differences in the adjustment paths that result, the study deliberately limits policy choice: either money supply or nominal income as targets, and either real […]

  Content Type(s): Technical Reports Topic(s): Fiscal Policy, Inflation and prices, Uncertainty and monetary policy JEL Code(s): E, E3, E31, E6, E63