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Joined at the hip: monetary and fiscal policy in a liquidity-dependent world

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by Guillermo Calvo and Andrés Velasco
We study the effects of monetary and fiscal policies when both money and government bonds provide liquidity services.

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Joined at the hip: monetary and fiscal policy in a liquidity-dependent world

by Guillermo Calvo and Andrés VelascoWe study the effects of monetary and fiscal policies when both money and government bonds provide liquidity services.