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- W2034991531 abstract "In the short run, if price expectations are inelastic, the government has full control of the nominal interest rate. While the model is purely competitive, the conclusions are similar to those of the standard IS-LM analysis. In the long run, it is argued that the proper measure of the government deficit is not the usual one. The interests lost by the money holders because of the transactions constraint must be included as an additional government income, the seignoriage tax." @default.
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- W2034991531 date "1986-08-01" @default.
- W2034991531 modified "2023-09-27" @default.
- W2034991531 title "Monetary and fiscal policies in a general equilibrium model" @default.
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- W2034991531 doi "https://doi.org/10.1016/0022-0531(86)90049-9" @default.
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