Monetary and fiscal policies under a flexible exchange rate and perfect foresight
This thesis extends the existing literature on the effects of monetary and fiscal policies under a flexible exchange rate regime and perfect foresight. The analysis is conducted .in the context of sluggish adjustment in prices and secular inflation and, in addition, emphasizes the dynamic process of financial wealth accumulation . In doing so , the thesis integrates two alternative approaches in the modelling of systems with an inflationary steady state : first, models which focus on the...[Show more]
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