Sidiropoulos, Moïse; Spyromitros, Eleftherios - Bureau d'Économie Théorique et Appliquée (BETA), … - 2006
This paper examines the welfare and stabilisation implications of alterna- tive fiscal decision rules in a monetary union with a common monetary policy, such as the European Monetary Union (EMU). We develop a two-country model under monetary union in presnece of asymmetries. Fiscal policies are...