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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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| Опубликовано в:: | MAGKS - Joint Discussion Paper Series in Economics (Band 13-2009) |
|---|---|
| Главные авторы: | , |
| Формат: | Arbeit |
| Язык: | английский |
| Опубликовано: |
Philipps-Universität Marburg
2009
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| Предметы: | |
| Online-ссылка: | PDF-полный текст |
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