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Fiscal Restraints, ECB Credibility and the Stability Pact:A Game-Theoretic Perspective

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W. Bolt

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File URL: http://www.dnb.nl/dnb/home/file/sr038_tcm47-146816.pdf
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Paper provided by Netherlands Central Bank in its series DNB Staff Reports (discontinued) with number 38.

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Length: 38 pages
Date of creation: 1999
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Handle: RePEc:dnb:staffs:38

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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.:

  1. Knot, Klaas & de Haan, Jakob, 1995. "Fiscal policy and interest rates in the European community," European Journal of Political Economy, Elsevier, vol. 11(1), pages 171-187, March. [Downloadable!] (restricted)
  2. von Hagen, Jurgen & Eichengreen, Barry, 1996. "Federalism, Fiscal Restraints, and European Monetary Union," American Economic Review, American Economic Association, vol. 86(2), pages 134-38, May. [Downloadable!] (restricted)
  3. W. Bolt, 1997. "Monetary policy and fiscal discipline in the EMU: a game-theoretic analysis of the Stability Pact," WO Research Memoranda (discontinued) 529, Netherlands Central Bank, Research Department.
  4. 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. [Downloadable!] (restricted)
    Other versions:
  5. Alberto Alesina & Vittorio Grilli, 1991. "The European Central Bank: Reshaping Monetary Politics in Europe," NBER Working Papers 3860, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  6. Beetsma, R.M.W.J. & Uhlig, H., 1997. "An analysis of the "stability pact"," Discussion Paper 59, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
  7. Thomas J. Sargent & Neil Wallace, 1981. "Some unpleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall. [Downloadable!]
  8. C.A. Sims, 1999. "The Precarious Fiscal Foundations of EMU," DNB Staff Reports (discontinued) 34, Netherlands Central Bank. [Downloadable!]
  9. Jensen, Henrik, 1996. "The advantage of international fiscal cooperation under alternative monetary regimes," European Journal of Political Economy, Elsevier, vol. 12(3), pages 485-504, November. [Downloadable!] (restricted)
  10. 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. [Downloadable!] (restricted)
  11. Tabellini, Guido, 1986. "Money, debt and deficits in a dynamic game," Journal of Economic Dynamics and Control, Elsevier, vol. 10(4), pages 427-442, December. [Downloadable!] (restricted)
  12. Dornbusch, Rudi, 1997. "Fiscal Aspects of Monetary Integration," American Economic Review, American Economic Association, vol. 87(2), pages 221-23, May. [Downloadable!] (restricted)
  13. Beetsma, Roel M. W. J. & Bovenberg, A. Lans, 1997. "Central bank independence and public debt policy," Journal of Economic Dynamics and Control, Elsevier, vol. 21(4-5), pages 873-894, May. [Downloadable!] (restricted)
  14. Guy Debelle, 1996. "Central Bank Independence: A Free Lunch?," IMF Working Papers 96/1, International Monetary Fund.
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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.)

  1. 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!]
  2. S. Sgherri, 2000. "When is labour market flexibility welcome? More on asymmetric policy impacts in Europe," WO Research Memoranda (discontinued) 619, Netherlands Central Bank, Research Department. [Downloadable!]
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