V. V. Chari, Lawrence J. Christiano, Patrick J. Kehoe, Optimal Fiscal and Monetary Policy: Some Recent Results, Journal of Money, Credit and Banking, Vol. 23, No. 3, Part 2: Price Stability (Aug., 1991), pp. 519-539
No takes yet. Share an insight, caveat, or question.
Chari et al. (1991) studied this question.
Synapse has enriched 5 related papers. Consider them for comparative context: