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Interactions between Monetary and Fiscal Policies in the Euro Area

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Author Info
Carlberg, Michael () (Helmut Schmidt University, Hamburg)
Abstract

This paper studies the interactions between monetary and fiscal policies in the euro area. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the American central bank, the German government, and the French government. As to policy cooperation, the focus is on the same institutions. These are higher-dimensional issues. The policy targets are price stability and full employment. Special features of this paper are numerical simulations of policy competition and numerical solutions to policy cooperation.

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File URL: http://www.hsu-hh.de/fgvwl/index_0NgbKoBiOaOsjR59.html
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Publisher Info
Paper provided by Helmut Schmidt University, Hamburg in its series Working Paper with number 48/2006.

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Length: 38 pages
Date of creation: Mar 2006
Date of revision:
Handle: RePEc:ris:vhsuwp:2006_048

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Related research
Keywords: European Monetary Union; International Policy Coordination; Monetary Policy; Fiscal Policy;

Find related papers by JEL classification:
E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization
F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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This page was last updated on 2009-12-23.

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