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Federal Reserve Bank of Cleveland
Working Papers (Old Series)
Dynamic optimal fiscal and monetary policy in a business cycle model with income redistribution
Kevin J. Lansing
Abstract

An estimation of an optimal program of distortionary taxes, money growth, and borrowing to finance a stream of expenditures based on a real business cycle model in which distribution issues between the rich and poor play a fundamental role in policy decisions.


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Kevin J. Lansing, Dynamic optimal fiscal and monetary policy in a business cycle model with income redistribution, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 9308, 1993.
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Keywords: Business cycles ; Monetary policy ; Income distribution
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