Fiscal Policy in EMU: Simulating the Operation of the Stability Pact.

We study the prospective operation of the Stability Pact by stochastic simulation. Using a forward-looking multi-country macroeconometric model, NiGEM, comprising individual blocks for 10 Euroland economies, the Pact's provisions are formalized in detail, and alternative monetary and fiscal rules are compared.

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Year of publication:	2000
Authors:	Dury, K. ; Pina, A.M.
Institutions:	Department of Economics, European University Institute
Subject:	FISCAL POLICY \| STOCHASTIC MODELS \| SIMULATION \| MONETARY POLICY

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Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	45 pages
Classification:	E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization ; H62 - Deficit; Surplus
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005816386