Fiscal policy and asset purchases in a liquidity constrained economy
This thesis modifies the basic neoclassical DSGE model of Kiyotaki and Moore (2012) by introducing a government which levies distortionary taxes on wages and dividends, consumes general output, issues money, and holds privately-issued equity. The thesis answers two questions - Can discretionary poli...
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Birkbeck (University of London)
2014
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.636568 |