; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Optimal Fiscal and Monetary Policy: Equivalence Results"; ; "batchuser@example.com"; "Correia, Isabel", "Teles, Pedro", "Nicolini, Juan Pablo"; "Federal Reserve Bank of Minneapolis"; "Optimal fiscal and monetary policy", "Sticky prices"; "E58 - Central Banks and Their Policies", "E40 - Money and Interest Rates: General", "E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy", "E62 - Fiscal Policy", "E31 - Price Level; Inflation; Deflation", "E52 - Monetary Policy"; "In this article, we analyze the implications of price-setting restrictions for the conduct of cyclical fiscal and monetary policy. We consider standard monetary economies that differ in the price-setting restrictions imposed on the firms. We show that, independently of the degree or type of price stickiness, it is possible to implement the same efficient set of allocations and that each allocation in that set is implemented with policies that are also independent of the price stickiness. In this sense, environments with different price-setting restrictions are equivalent."^^; "2008-04-01"; "2019-06-04T17:42:12.557831861+00:00"^^; "https://doi.org/10.21034/sr.403"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 21:35:01 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "780", "562", "154"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "403"; "Optimal fiscal and monetary policy", "Sticky prices"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Journal of Political Economy_ (Vol. 116, Issue 1, February 2008, pp. 141) https://doi.org/10.1086/533504."^^; ; "Publication" . ; .