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Optimal Fiscal and Monetary Policy (with Commitment)

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Abstract

‘Optimal fiscal and monetary policy with commitment’ is a policy of choosing taxes and transfers or monetary instruments to maximize social welfare. ‘Commitment’ refers to ability of a policymaker to make binding policy choices.

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Author information

Authors and Affiliations

  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Mikhail Golosov & Aleh Tsyvinski

Authors
  1. Mikhail Golosov
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  2. Aleh Tsyvinski
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© 2018 Macmillan Publishers Ltd.

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Golosov, M., Tsyvinski, A. (2018). Optimal Fiscal and Monetary Policy (with Commitment). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2140

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