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Policy-mix : le besoin de coordination des politiques budgétaires entre pays est-il accru en union monétaire ?


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  • Daniel Laskar


Dans un modèle à deux pays où on considère le policy-mix en réponse à des chocs, on examine la question de savoir si le gain résultant de la coordination des politiques budgétaires entre pays est plus élevé en union monétaire qu'en change flexible. On montre tout d'abord que l'asymétrie des chocs peut contribuer à rendre le gain d'une telle coordination plus élevé en union monétaire qu'en change flexible. On montre aussi que le poids accordé par la banque centrale à la stabilisation de l'inflation par rapport au produit agrégé s'avère aussi jouer un rôle. S'il est élevé, il peut contribuer à rendre ce gain plus élevé en union monétaire.

(This abstract was borrowed from another version of this item.)

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Bibliographic Info

Article provided by De Boeck Université in its journal Recherches économiques de Louvain.

Volume (Year): 69 (2003)
Issue (Month): 3 ()
Pages: 267-292

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Handle: RePEc:cai:reldbu:rel_693_267

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Cited by:
  1. Cornel Oros, 2009. "Economic Governance in an Asymmetric Monetary Union: A Fiscal Policy Game Analysis," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 39-60.


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