Which has the longer lag-monetary or fiscal policy? Which has the longer outside lag? Give reasons for your answer?

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: Six Debates Over Macroeconomic Policy
Section18.1: Should Monetary And Fiscal Policymakers Try To Stabilize The Economy?
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Which has the longer lag-monetary or fiscal policy? Which has the longer outside lag? Give reasons for your answer?

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