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...

全面介紹

Gespeichert in:
書目詳細資料
發表在:MAGKS - Joint Discussion Paper Series in Economics (Band 13-2009)
Autoren: Hefeker, Carsten, Zimmer, Blandine
格式: Arbeit
語言:英语
出版: Philipps-Universität Marburg 2009
主題:
在線閱讀:PDF-Volltext
標簽: 添加標簽
沒有標簽, 成為第一個標記此記錄!