Chortareas, Georgios; Mavrodimitrakis, Christos - In: Central European Journal of Economic Modelling and … 3 (2011) 1, pp. 1-24
We consider fiscal and monetary policy interactions in a monetary union under monetary leadership, when the common central bank is concerned with the average fiscal stance of the union. We use a static two-country monetary union model to investigate the policy-mix problem under different regimes...