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Optimal-Policy
Optimal-Policy
2 papers tracked
1 forthcoming
Showing 2 papers
Forthcoming
American Economic Journal: Macroeconomics
Optimal Taxation of InflationDamien Capelle · Yang Liu
This paper analyzes the effectiveness of a tax on inflation policy (TIP)—a fiscal instrument that would require firms to pay a tax proportional to the increase in their prices—as a complement to …
Published
Journal of Monetary Economics
1 Jun 2026
Monetary policy trade-offs amid global supply chain disruptionsLuis G. Hernández-Román
This paper employs a proxy structural VAR model to examine the effects of global supply chain (GSC) shocks on U.S. macroeconomic variables and the Federal Reserve’s historical response, and …