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- W3123612433 abstract "Interactions between monetary and fiscal policy depend on the specification of policy variables that fiscal policy uses. However, a general rule is that when monetary policy is capable of dealing with sticky price adjustment, a primary concern of fiscal authority should be to remedy the resource allocation. My regression study using cross-country data shows that in a majority of OECD countries fiscal policy relies on the automatic stabilizer. Japan is a unique case in that it relies heavily on discretionary fiscal policy. However, Japanese policymakers have recently changed their thinking regarding fiscal policy." @default.
- W3123612433 created "2021-02-01" @default.
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- W3123612433 date "2005-01-01" @default.
- W3123612433 modified "2023-09-26" @default.
- W3123612433 title "Interaction between Monetary and Fiscal Policy and the Policy Mix, Theoretical Consideration and Japanese Experience" @default.
- W3123612433 hasPublicationYear "2005" @default.
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