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In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic …
Persistent link: https://www.econbiz.de/10011410410
(EMU) as a dynamic game between a centralized monetary authority, the European Central Bank (ECB), and national fiscal …
Persistent link: https://www.econbiz.de/10009781533
Union. We argue that EMU, which introduced a common monetary policy and restrictions on fiscal policy at the national level …
Persistent link: https://www.econbiz.de/10011398097
game approach of the endogenous coalition formation literature. The specific policy recommendations in the EMU context …
Persistent link: https://www.econbiz.de/10002572274
outcome of the stabilisation process. -- Macroeconomic stabilisation ; EMU ; policy coordination ; linear quadratic … conflict concerning the orientation of stabilisation policies. This conflict is less pronounced under an asymmetric inflation …
Persistent link: https://www.econbiz.de/10003807838