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    • Monetary/Fiscal Policy Mix and Agents’ Beliefs 

      Bianchi, F; Ilut, C (Economic Research Initiatives at Duke (ERID) Working Paper, 2014-05-01)
      We reinterpret post World War II US economic history using an estimated microfounded model that allows for changes in the monetary/fiscal policy mix. We find that the fiscal authority was the leading authority in the ‘60s ...