This paper studies the interactions between monetary and fiscal policies in the euro area. The focus is on the union central bank, the German government, and the French government. The policy targets are price stability in the union, full employment in Germany, and full employment in France. The...

Michael Carlberg Strategic Policy Interactions in a Monetary Union fyj Springer Contents Introduction l 1. Subject and Approach 1 2. The Monetary Union as a Whole: Absence of a Deficit Target ...