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The Interaction of Fiscal and Monetary Policy in a Monetary Union: Balancing Credibility and Flexibility Author info | Abstract | Publisher info | Download info | Related research | Statistics Beetsma, R.M.W.J.
Bovenberg, A.L.
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Paper provided by DELTA (Ecole normale supérieure) in its series DELTA Working Papers with number
95-24.
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Length: 29 pages
Date of creation: 1995Date of revision:
Publication status: Published in Razin, A. and E. Sadka (eds.), The Economics of Globalization: Policy Perspectives from Public Economics, Cambridge University PressHandle: RePEc:del:abcdef:95-24Contact details of provider: Postal: 48 boulevard Jourdan - 75014 Paris Phone: 01 43 13 63 00 Fax: 01 43 13 63 10 Email: Web page: http://www.delta.ens.fr/ More information through EDIRC
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Keywords: MONETARY UNION ; FINANCIAL POLICY ; Other versions of this item:
Paper Beetsma,Roel M.W.J., 1996.
"The Interaction of Fiscal and Monetary Policy in a Monetary Union: Balancing Credibility and Flexibility ,"
Research Memoranda
005, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
[Downloadable!] Beetsma, R. & Bovenberg, L., 1995.
"The interaction of fiscal and monetary policy in a monetary union : balancing credibility and flexibility ,"
Discussion Paper
101, Tilburg University, Center for Economic Research.
[Downloadable!] Find related papers by JEL classification: E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Bean, Charles R, 1992.
"Economic and Monetary Union in Europe ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 6(4), pages 31-52, Fall.
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Other versions: Eijffinger, S. & Schaling, E., 1995.
"The Ultimate Determinants of Central Bank Independence ,"
Discussion Paper
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Rogoff, Kenneth, 1985.
"The Optimal Degree of Commitment to an Intermediate Monetary Target ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 100(4), pages 1169-89, November.
[Downloadable!] (restricted)
Beetsma, Roel & Bovenberg, A Lans, 1995.
"Does Monetary Unification Lead to Excessive Debt Accumulation? ,"
CEPR Discussion Papers
1299, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions:
Beetsma, R. & Bovenberg, L., 1995.
"Does monetary unification lead to excessive debt accumulation ,"
Discussion Paper
112, Tilburg University, Center for Economic Research.
[Downloadable!] Beetsma, R.M.W.J. & Bovenberg, A.L., 1995.
"Does Monetary Unification Lead to Excessive Debt Accumulation? ,"
DELTA Working Papers
95-23, DELTA (Ecole normale supérieure).
Beetsma, Roel M. W. J. & Bovenberg, A. Lans, 1999.
"Does monetary unification lead to excessive debt accumulation? ,"
Journal of Public Economics ,
Elsevier, vol. 74(3), pages 299-325, December.
[Downloadable!] (restricted) Eichengreen, Barry, 1993.
"European Monetary Unification ,"
Journal of Economic Literature ,
American Economic Association, vol. 31(3), pages 1321-57, September.
[Downloadable!] (restricted)
Lohmann, Susanne, 1992.
"Optimal Commitment in Monetary Policy: Credibility versus Flexibility ,"
American Economic Review ,
American Economic Association, vol. 82(1), pages 273-86, March.
[Downloadable!] (restricted)
Thomas Krichel & Paul Levine & Joseph Pearlman, 1996.
"Fiscal and monetary policy in a monetary union: Credible inflation targets or monetized debt? ,"
Review of World Economics (Weltwirtschaftliches Archiv) ,
Springer, vol. 132(1), pages 28-54, March.
[Downloadable!] (restricted)
Other versions: Robert J. Barro & David B. Gordon, 1984.
"Rules, Discretion and Reputation in a Model of Monetary Policy ,"
NBER Working Papers
1079, National Bureau of Economic Research, Inc.
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Other versions: Laskar, Daniel, 1989.
"Conservative central bankers in a two-country world ,"
European Economic Review ,
Elsevier, vol. 33(8), pages 1575-1595, October.
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Alberto Alesina & Vittorio Grilli, 1991.
"The European Central Bank: Reshaping Monetary Politics in Europe ,"
NBER Working Papers
3860, National Bureau of Economic Research, Inc.
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Other versions: Alesina, Alberto F & Grilli, Vittorio, 1993.
"On the Feasibility of a One- or Multi-Speed European Monetary Union ,"
CEPR Discussion Papers
792, C.E.P.R. Discussion Papers.
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Other versions: Morales, A.J. & Padilla, A.J., 1995.
"Designing Institutions for International Monetary Policy Coordination ,"
Papers
9503, Centro de Estudios Monetarios Y Financieros-.
Other versions: Beetsma, Roel M. W. J. & Lans Bovenberg, A., 1997.
"Designing fiscal and monetary institutions in a second-best world ,"
European Journal of Political Economy ,
Elsevier, vol. 13(1), pages 53-79, February.
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Other versions: Levine, Paul L & Pearlman, Joseph, 1992.
"Fiscal and Monetary Policy Under EMU: Credible Inflation Targets or Unpleasant Monetary Arithmetic? ,"
CEPR Discussion Papers
701, C.E.P.R. Discussion Papers.
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Guy Debelle & Stanley Fischer, 1994.
"How independent should a central bank be? ,"
Working Papers in Applied Economic Theory
94-05, Federal Reserve Bank of San Francisco.
Other versions: Levine, Paul, 1993.
"Fiscal Policy Co-ordination under EMU and the Choice of Monetary Instrument ,"
The Manchester School of Economic & Social Studies ,
Blackwell Publishing, vol. 61(0), pages 1-12, Suppl..
Bayoumi, Tamim, 1994.
"A Formal Model of Optimum Currency Areas ,"
CEPR Discussion Papers
968, C.E.P.R. Discussion Papers.
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Other versions: Buiter, Willem H & Kletzer, Kenneth, 1990.
"Reflections on the Fiscal Implications of a Common Currency ,"
CEPR Discussion Papers
418, C.E.P.R. Discussion Papers.
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Xavier Sala-i-Martin & Jeffrey Sachs, 1991.
"Fiscal Federalism and Optimum Currency Areas: Evidence for Europe From the United States ,"
NBER Working Papers
3855, National Bureau of Economic Research, Inc.
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Other versions: Süppel, Ralph & von Hagen, Jürgen, 1994.
"Central Bank Constitutions for Monetary Unions ,"
CEPR Discussion Papers
919, C.E.P.R. Discussion Papers.
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von Hagen, Jurgen & Suppel, Ralph, 1994.
"Central bank constitutions for federal monetary unions ,"
European Economic Review ,
Elsevier, vol. 38(3-4), pages 774-782, April.
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Buiter, W.H. & Kletzer, K.M., 1990.
"Reflections On Fiscal Implications Of Common Currency ,"
Papers
613, Yale - Economic Growth Center.
Guy Debelle, 1996.
"Central Bank Independence: A Free Lunch? ,"
IMF Working Papers
96/1, International Monetary Fund.
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
P.A.D. Cavelaars, 2003.
"Double Discretion, International Spillovers and the WelfareImplications of Monetary Unification ,"
DNB Staff Reports (discontinued)
85, Netherlands Central Bank.
[Downloadable!]
Uhlig, H., 1997.
"Long term debt and the political support for a monetary union ,"
Discussion Paper
13, Tilburg University, Center for Economic Research.
[Downloadable!]
Other versions: Thierry Warin, 2004.
"Should Europe Get Rid of the Stability and Growth Pact? ,"
Middlebury College Working Paper Series
0415, Middlebury College, Department of Economics.
[Downloadable!]
Thierry Warin, 2005.
"The Hidden Structural Features of the Fiscal Rule: A European Saga ,"
International Advances in Economic Research ,
Springer, vol. 11(1), pages 29-38, March.
[Downloadable!] (restricted)
Paul Cavelaars, 2000.
"Double Discretion, International Spillovers and the Welfare Implications of Monetary Unification ,"
MEB Series (discontinued)
2000-12, Netherlands Central Bank, Monetary and Economic Policy Department.
[Downloadable!]
Thierry Warin, 2005.
"Stability and Growth Pact: An Index to Trigger an Early Warning Earlier? ,"
Middlebury College Working Paper Series
0502, Middlebury College, Department of Economics.
[Downloadable!]
Thierry Warin, 2005.
"A Note on International Fiscal Policy Practices ,"
Middlebury College Working Paper Series
0520, Middlebury College, Department of Economics.
[Downloadable!]
P.A.D. Cavelaars, 2003.
"The Welfare Cost of Structural Distortions and Stochastic Shocks ,"
DNB Staff Reports (discontinued)
84, Netherlands Central Bank.
[Downloadable!]
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