Optimal simple and implementable monetary and fiscal rules
Duke University
New Keynesian DSGE model with Calvo sticky prices, capital accumulation, money demand via cash-in-advance constraints for households and working capital constraints for firms, monopolistic competition, distortionary taxation, and fiscal policy 
intermediate goods firms: monopolistic competition with Calvo pricing; final goods firms: perfect competition aggregating differentiated goods
Panel A Table 2 p.1712
Ramsey-optimal policy in cashless economy with lump-sum taxes and passive fiscal policy
Ramsey policy serves as the benchmark for policy evaluation throughout the paper