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Monetary and Fiscal Policies in the Euro Area

Author

Listed:
  • Carlberg, Michael

    (Helmut Schmidt University, Hamburg)

Abstract

This paper studies monetary and fiscal policies in the euro area. It 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 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.

Suggested Citation

  • Carlberg, Michael, 2007. "Monetary and Fiscal Policies in the Euro Area," Working Paper 61/2007, Helmut Schmidt University, Hamburg.
    • Handle: RePEc:ris:vhsuwp:2007_061
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    More about this item

    Keywords

    European Monetary Union; International Policy Coordination; Monetary Policy; Fiscal Policy;
    All these keywords.

    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; Treasury Policy
    • 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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