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  • The Backing of Government Debt and the Price Level 

    Castro, Rui; DE RESENDE, Carlos; Ruge-Murcia, Francisco (Université de Montréal. Département de sciences économiques., 2003)
    This paper studies the interdependence between fiscal and monetary policies, and their joint role in the determination of the price level. The government is characterized by a long-run fiscal policy rule whereby a given fraction of the outstanding debt, ...