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...

Full beskrivning

Sparad:
Bibliografiska uppgifter
I publikationen:MAGKS - Joint Discussion Paper Series in Economics (Band 13-2009)
Huvudupphovsmän: Hefeker, Carsten, Zimmer, Blandine
Materialtyp: Arbeit
Språk:engelska
Publicerad: Philipps-Universität Marburg 2009
Ämnen:
Wirtschaft
Monetary union
asymmetries.
fiscal policy
transparency of monetary policy,
Economics
Länkar:PDF-fulltext
Taggar: Lägg till en tagg
Inga taggar, Lägg till första taggen!
No citations were found for this record.

Liknande verk