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Chapter 1 Monetary and Fiscal Policy1

Chapter 1 Monetary and Fiscal Policy1

www.ier.hit-u.ac.jp

Chapter 1 Monetary and Fiscal Policy. 1. 1.1 Introduction. A public-finance approach yields several insights. Among the most important is the recognition that fiscal and monetary policies are linked through the government sector’s budget constraint. Variations in the inflation rate can have implications for the fiscal authority’s

  Policy, Chapter, Fiscal, Monetary, Chapter 1 monetary and fiscal, Chapter 1 monetary and fiscal policy

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