LAUSR

RAMSEY OPTIMAL POLICY IN THE NEW-KEYNESIAN MODEL WITH PUBLIC DEBT

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1 Published in 2021 at "Macroeconomic Dynamics"

DOI: 10.1017/s136510052000070x

Abstract: In the discrete-time new-Keynesian model with public debt, Ramsey optimal policy eliminates the indeterminacy of simple-rules multiple equilibria between the fiscal theory of the price level versus new-Keynesian versus an unpleasant equilibrium. If public debt… read more here.

Keywords: new keynesian; optimal policy; debt; public debt ... See more keywords