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Fiscal temptation - PowerPoint PPT Presentation

New monetary economics Commitment Rules (Taylor) Fiscal theory

Research and Regimes. New monetary economics Commitment Rules (Taylor) Fiscal theory. Regimes Peg? Currency board? Dollarize? Float? Interest rate rule (Taylor)? Exchange rate rule? Banks lender of last resort? Borrow domestic or foreign?. Price level shows up in two places.

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Fiscal temptation - PowerPoint PPT Presentation

New monetary economics Commitment Rules (Taylor) Fiscal theory