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Discretionary Fiscal Policy and Optimal Monetary Policy in a Currency Area

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  • S. Gnocchi

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Paper provided by Dipartimento Scienze Economiche, Universita' di Bologna in its series Working Papers with number 602.

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Date of creation: Sep 2007
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Handle: RePEc:bol:bodewp:602

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  1. Stephanie Schmitt-Grohe & Martin Uribe, 2004. "Optimal Simple and Implementable Monetary and Fiscal Rules," NBER Working Papers 10253, National Bureau of Economic Research, Inc.
  2. Richard Clarida & Jordi Gali & Mark Gertler, 1999. "The Science of Monetary Policy: A New Keynesian Perspective," NBER Working Papers 7147, National Bureau of Economic Research, Inc.
  3. Galí, Jordi & Monacelli, Tommaso, 2005. "Optimal Monetary and Fiscal Policy in a Currency Union," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5374, C.E.P.R. Discussion Papers.
  4. Jordi Galí & Tommaso Monacelli, 2005. "Optimal Monetary and Fiscal Policy in a Currency Union," Working Papers 240, Barcelona Graduate School of Economics.
  5. Adam, Klaus & Billi, Roberto M, 2006. "Monetary Conservatism and Fiscal Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5740, C.E.P.R. Discussion Papers.
  6. Rogoff, Kenneth, 1985. "The Optimal Degree of Commitment to an Intermediate Monetary Target," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 100(4), pages 1169-89, November.
  7. Simon Wren-Lewis & Campbell Leith, 2007. "Fiscal Sustainability in a New Keynesian Model," Economics Series Working Papers, University of Oxford, Department of Economics 310, University of Oxford, Department of Economics.
  8. Ferrero, Andrea, 2005. "Fiscal and monetary rules for a currency union," Working Paper Series, European Central Bank 0502, European Central Bank.
  9. Schmitt-Grohe, Stephanie & Uribe, Martin, 2004. "Optimal fiscal and monetary policy under sticky prices," Journal of Economic Theory, Elsevier, Elsevier, vol. 114(2), pages 198-230, February.
  10. Beetsma, Roel & Jensen, Henrik, 2003. "Mark-Up Fluctuations and Fiscal Policy Stabilization in a Monetary Union," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4020, C.E.P.R. Discussion Papers.
  11. Leeper, Eric M., 1991. "Equilibria under 'active' and 'passive' monetary and fiscal policies," Journal of Monetary Economics, Elsevier, Elsevier, vol. 27(1), pages 129-147, February.
  12. Luisa Lambertini, 2004. "Monetary-Fiscal Interactions with a Conservative Central Bank," 2004 Meeting Papers, Society for Economic Dynamics 627, Society for Economic Dynamics.
  13. Thomas J. Sargent & Neil Wallace, 1981. "Some unpleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, Federal Reserve Bank of Minneapolis, issue Fall.
  14. Dixit, Avinash & Lambertini, Luisa, 2001. "Monetary-fiscal policy interactions and commitment versus discretion in a monetary union," European Economic Review, Elsevier, Elsevier, vol. 45(4-6), pages 977-987, May.
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Cited by:
  1. Giorgio Di Giorgio & Salvatore Nistico', 2011. "Productivity Shocks, Stabilization Policies and the Dynamics of Net Foreign Assets," Working Papers CASMEF, Dipartimento di Economia e Finanza, LUISS Guido Carli 1101, Dipartimento di Economia e Finanza, LUISS Guido Carli.
  2. Fabian Eser, 2009. "Optimal Fiscal Stabilisation through Government Spending," Economics Series Working Papers, University of Oxford, Department of Economics 2009-W14, University of Oxford, Department of Economics.
  3. Albonico, Alice, 2010. "Policy Games with Liquidity Constrained Consumers," MPRA Paper 25666, University Library of Munich, Germany.
  4. Orjasniemi, Seppo, 2014. "Optimal fiscal policy of a monetary union member," Research Discussion Papers, Bank of Finland 13/2014, Bank of Finland.

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