How do monetary and fiscal policy interact in the European Monetary Union?

"Formation of the Euro area raises new questions about the coordination of monetary and fiscal policy. Using a New Neoclassical Synthesis (NNS) model, we show that a common monetary policy, responding to area-wide aggregates, has asymmetric effects on countries within the union, depending on wh...

Ausführliche Beschreibung

Bibliographische Detailangaben

Hauptverfasser:	Canzoneri, Matthew B. (VerfasserIn), Cumby, Robert (VerfasserIn), Diba, Behzad (VerfasserIn)
Format:	Buch
Sprache:	English
Veröffentlicht:	Cambridge, Mass. National Bureau of Economic Research 2005
Schriftenreihe:	National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11055
Schlagworte:	Wirtschaft Fiscal policy > European Union countries Monetary policy > European Union countries Europäische Union. Mitgliedsstaaten European Union countries > Economic conditions
Online-Zugang:	kostenfrei
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