Monetary and Fiscal Unification in the EU : a Stylized Analysis

The Economic and Monetary Union (EMU) implies a considerable change in monetary and fiscal policy design in the European Union. With the aid of a two-country version of the Alesina and Tabellini (1987) model, this paper provides a stylized analysis of monetary and fiscal policy interaction in the EMU. It is shown how macroeconomic outcomes are affected by common monetary and fiscal policies, and how outcomes depend on the commitment ability of the ECB when implementing its monetary policy. Moreover, it is analyzed how asymmetries between countries affect outcomes when entering the EMU

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Year of publication:	2020
Authors:	Huart, Florence
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Finanzpolitik \| Fiscal policy \| Theorie \| Theory \| Eurozone \| Euro area \| Internationale Wirtschaftspolitik \| International economic policy \| Zwei-Länder-Modell \| Two-country model
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: van Aarle B. and F. Huart, “Monetary and Fiscal Unification in the EU: a Stylized Analysis”, Journal of Economics and Business, 51(1), 49-66, 1999 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1999 erstellt Volltext nicht verfügbar
Classification:	E58 - Central Banks and Their Policies ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012838530