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Monetary and fiscal policies require coordination to achieve desired macroeconomic outcomes. The literature since Leeper (1991) has focused on two regimes: monetary dominance and fiscal dominance. In ...

Financial repression can be used to avoid a government default when fiscal policy is constrained. We present a model showing that optimal financial repression progresses through successive stages with ...

Australia, on average, has warmed by 1.51 ±0.23 °C since national records began in 1910. There has been an increase in extreme heat events associated with the warming. Australia, on average, has ...