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Policy-mix : le besoin de coordination des politiques budgétaires entre pays est-il accru en union monétaire ?

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  • Daniel Laskar

Abstract

Dans un modèle à deux pays où on considère le policy-mix en réponse à des chocs, on examine la question de savoir si le gain résultant de la coordination des politiques budgétaires entre pays est plus élevé en union monétaire qu'en change flexible. On montre tout d'abord que l'asymétrie des chocs peut contribuer à rendre le gain d'une telle coordination plus élevé en union monétaire qu'en change flexible. On montre aussi que le poids accordé par la banque centrale à la stabilisation de l'inflation par rapport au produit agrégé s'avère aussi jouer un rôle. S'il est élevé, il peut contribuer à rendre ce gain plus élevé en union monétaire.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Daniel Laskar, 2003. "Policy-mix : le besoin de coordination des politiques budgétaires entre pays est-il accru en union monétaire ?," Recherches économiques de Louvain, De Boeck Université, vol. 69(3), pages 267-292.
  • Handle: RePEc:cai:reldbu:rel_693_267
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    References listed on IDEAS

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    Cited by:

    1. Cornel Oros, 2009. "Economic Governance in an Asymmetric Monetary Union: A Fiscal Policy Game Analysis," European Research Studies Journal, European Research Studies Journal, pages 39-60.
    2. Claudiu T. Albulescu & Cornel Oros, 2014. "The policy-mix in the Euro Area: The Role of Financial Stability," Economics Bulletin, AccessEcon, pages 705-717.
    3. Cornel Oros, 2009. "Economic Governance in an Asymmetric Monetary Union: A Fiscal Policy Game Analysis," European Research Studies Journal, European Research Studies Journal, pages 39-60.

    More about this item

    JEL classification:

    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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