Uncertainty and fiscal policy in an asymmetric monetary union

Uncertainty and fiscal policy in an asymmetric monetary union

We examine monetary and fiscal interactions in a monetary union model with uncertainty due to imperfect central bank transparency. It is first shown that monetary uncertainty discourages excessive taxation and may thus reduce average inflation and output distortions. However, as countries enter...

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Gorde:
Xehetasun bibliografikoak
Argitaratua izan da:MAGKS - Joint Discussion Paper Series in Economics (Band 13-2009)
Egile Nagusiak: Hefeker, Carsten, Zimmer, Blandine
Formatua: Arbeit
Hizkuntza:ingelesa
Argitaratua: Philipps-Universität Marburg 2009
Gaiak:
Wirtschaft
Monetary union
asymmetries.
fiscal policy
transparency of monetary policy,
Economics
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