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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Detaylı Bibliyografya
Yayımlandı:MAGKS - Joint Discussion Paper Series in Economics (Band 13-2009)
Asıl Yazarlar: Hefeker, Carsten, Zimmer, Blandine
Materyal Türü: Arbeit
Dil:İngilizce
Baskı/Yayın Bilgisi: Philipps-Universität Marburg 2009
Konular:
Wirtschaft
Monetary union
asymmetries.
fiscal policy
transparency of monetary policy,
Economics
Online Erişim:PDF Tam Metin
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