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Dynamic optimal fiscal and monetary policy in a business cycle model with income redistribution

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  • Kevin J. Lansing

Abstract

An estimation of an optimal program of distortionary taxes, money growth, and borrowing to finance a stream of expenditures based on a real business cycle model in which distribution issues between the rich and poor play a fundamental role in policy decisions.

Suggested Citation

  • Kevin J. Lansing, 1993. "Dynamic optimal fiscal and monetary policy in a business cycle model with income redistribution," Working Papers (Old Series) 9308, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:9308
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