Research Discussion Paper – RDP 2014-02 Fiscal Policy and the Inflation Target


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A first draft of this paper was written while the author was employed at the Federal Reserve Board of Governors. I am especially grateful to John Roberts for many thoughtful, detailed suggestions that greatly improved the paper. Thanks also to Flint Brayton, Eric Engen, Glenn Follette, Christopher Kent, Mariano Kulish, Mark Lasky, David Orsmond, Dan Rees, Dan Sichel, Carl Walsh, Johannes Wieland, John Williams, anonymous journal referees and many of my colleagues at the Fed for comments and technical assistance. Candace Adelberg and Peter Chen provided research assistance.