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Monetary-Fiscal Interactions in an Uncertain World: Lessons for European Policymakers

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  • Philip R. Lane

Abstract

This paper reviews the roles of monetary and fiscal policies in macroeconmic stabilization. In particular, we take acount of interactions between the two policy instruments and ask whether the extent of macroeconomic and policy uncertainty has changed over time, especially with the advent of EMU. We also analyze how uncertainty should be incorporated into the policy formulation process.

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Bibliographic Info

Paper provided by Trinity College Dublin, Department of Economics in its series Trinity Economics Papers with number 200213.

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Date of creation: 2002
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Handle: RePEc:tcd:tcduee:200213

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Postal: Trinity College, Dublin 2
Phone: (+ 353 1) 6081325
Fax: 6772503
Web page: http://www.tcd.ie/Economics/
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Cited by:
  1. Patrick Honohan & Philip R. Lane, 2003. "Divergent inflation rates in EMU," Economic Policy, CEPR & CES & MSH, vol. 18(37), pages 357-394, October.
  2. Philip R. Lane, 2003. "Business Cycles and Macroeconomic Policy in Emerging Market Economies," Trinity Economics Papers 20032, Trinity College Dublin, Department of Economics.

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