Taylor rule in a policy-mix analysis for open heterogeneous monetary unions

The paper studies, at a purely theoretical level, the monetary-fiscal policy-mix in an open currency union with asymmetric monetary transmission, where the central bank follows an interest rate Taylor rule. It shows that under the optimal monetary policy regime, the fiscal policy can stimulate the o...

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Veröffentlicht in:	The Review of Finance and Banking 2017, Vol.9 (2), p.63-81
Hauptverfasser:	Badarau, Cristina, Curmei Semenescu, Andreea
Format:	Artikel
Sprache:	eng
Schlagworte:	Economics and Finance Economy Humanities and Social Sciences Public Finances
Online-Zugang:	Volltext
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