The Political Economy of Fiscal and Monetary Unions

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The Political Economy of Fiscal and Monetary Unions

Author Info

Federico Etro () (UCSC, Milan)

Abstract

I study the political economy of fiscal unions, where the provision of public goods with spillovers across heterogeneous countries is coordinated, and of monetary unions, where monetary policy is delegated to a supranational authority by countries subject to different shocks. The focus is on the impact of institutional organizations on the size and scope of unions. I provide new results of comparative politics on alternative hierarchies between national and supranational governments choosing on public spending and redistribution, strategic delegation of policymakers under representative democracy and on the role of macroeconomic interdependence in monetary unions.

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Publisher Info
Article provided by GDE (Giornale degli Economisti e Annali di Economia), Bocconi University in its journal Giornale degli Economisti e Annali di Economia.

Volume (Year): 63 (2004)
Issue (Month): 3-4 (December)
Pages: 289-328
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Handle: RePEc:gde:journl:gde_v63_n3-4_p289-328

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Find related papers by JEL classification:
H1 - Public Economics - - Structure and Scope of Government
H4 - Public Economics - - Publicly Provided Goods
E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
F0 - International Economics - - General

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This page was last updated on 2008-10-6.

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