understand how these fiscal and monetary authority interactions – be they in coordination or in conflict – at different points in … conflict to matter. People respond to the recent state of the economy and not on how fiscal and monetary authorities will react …The onset of the pandemic saw a high degree of coordination between our monetary and fiscal authorities. The Bank of …

policies in the EU should head towards autonomy, coordination or harmonization. Taking the path dependence effect into account … other? This paper argues that it does not. There are three main arguments discussed. Firstly, the authors build on the … theory of fiscal federalism. Secondly, there are significantly different regimes of welfare states and extents of social …

appropriate choice of policies and with flexible exchange rates, demand shocks need not give rise to international externalities … or coordination issues. Price shocks, however, do create an externality, and this is the focus of the empirical part of …The paper examines international issues that arise in the design and evaluation of macroeconomic policy rules. It …

set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal … and monetary authorities are formed and what their effects on the stabilization of output and price are. In particular … necessary but not a sufficient condition for cooperation …

set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal … and monetary authorities are formed and what are their effects on the stabilization of output and price. In particular … necessary but not a sufficient condition for cooperation. …

set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal … and monetary authorities are formed and what are their effects on the stabilization of output and price. In particular … but not a sufficient condition for cooperation. …

monetary policy in the 1980s, 1990s, and until recently. Because this balanced international picture has largely disappeared …, the 1980s view about monetary policy coordination needs to be reexamined. The source of the problem is not that the models … or the theory are wrong. Rather there was a deviation from the rule-like monetary policies that worked well in the 1980s …

monetary policy in the 1980s, 1990s, and until recently. Because this balanced international picture has largely disappeared …, the 1980s view about monetary policy coordination needs to be reexamined. The source of the problem is not that the models … or the theory are wrong. Rather there was a deviation from the rule-like monetary policies that worked well in the 1980s …

nature of the shocks whether governments prefer to coordinate or not coordinate. The size of the government multipliers …This paper explicitly models strategic interaction between two independent national fiscal authorities and a single … nominal interest rates. Coordination of fiscal policies does not always lead to the best welfare effects. It depends on the …