Optimal Time-Consistent Monetary, Fiscal and Debt Maturity Policy
---- Acknowledgments ----
We thank Fabrice Collard, Wouter Den Haan, the editor Urban Jermann and the two anonymous referees for constructive suggestions. We also thank the participants of the 2015 CEF conference in Taipei, the 2015 EEA meeting in Mannheim and the 2016 China Meeting of Econometric Society in Chengdu for comments. However, all errors remain our own. Ding Liu would like to gratefully acknowledge the financial support from the National Natural Science Foundation of China (Grant NO.71601160) as well as the SIRE Conference Presenter Grant from Scottish Institute for Research in Economics. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.