SEOUL NATIONAL UNIVERSITY · CENTER FOR LAW & ECONOMICS
Center for Law & Economics, Seoul National UniversityCENTER FOR LAW & ECONOMICS
ECONOMICS · RESEARCH RECORD
GlobalMonetary & finance

DP21995 Fiscal Constraints on Monetary Policy: How Debt Limits Monetary Effectiveness

AT A GLANCE

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This working paper studies how the fiscal effects of monetary policy, and when they are resolved, matter for monetary transmission.

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