Coordination des Politiques Budgétaires dans une Union Monétaire Hétérogène: Modélisation et Application à l'UEM

This paper studies coordination of fiscal policies in a monetary union in terms of stabilization performance. We use a static model of closed monetary union and numerical simulations in which macroeconomic heterogeneities are introduced. Results show that the coordination is an efficient tool to increase EMU stabilization, even though coordination gains greatly varies according to macroeconomic heterogeneities. We then identify coalitions and free riding behaviours.

MoreLess

Year of publication:	2007
Authors:	Schalck, Christophe
Institutions:	EconomiX, Université Paris Ouest-Nanterre la Défense (Paris X)

More details

Extent:	application/pdf
Series:	EconomiX Working Papers.
Type of publication:	Book / Working Paper
Language:	French
Notes:	Number 2007-2 21 pages
Classification:	E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization ; F42 - International Policy Coordination and Transmission
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005094005