Approaching modern monetary theory with a Taylor rule
Considering the goals of Modern Monetary Theorists, this article examines inflation stabilization and employment maximization through a Taylor Rule for fiscal policy, similar to John Taylor’s foundational examination of the behavior of the Federal Reserve. If it is the role of the federal government...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI Multidisciplinary Digital Publishing Institute
2019
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |