Does Monetary Policy Have Expansionary Bias with External Wealth?

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概要

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• This paper investigates how the accumulation of external wealth affects a monetary policy. We demonstrate that though an expansionary bias emerges in a monetary policy, a fiscal method can eliminate such a bias.

• 一橋大学の論文

著者

• Takamatsu Satoko

  Graduate School Of Economics Hitotsubashi University

関連論文

• Does Monetary Policy Have Expansionary Bias with External Wealth?

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