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Coordination des Politiques Budgétaires dans une Union Monétaire Hétérogène: Modélisation et Application à l'UEM

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  • Christophe Schalck

Abstract

This paper studies coordination of fiscal policies in a monetary union in terms of stabilization performance. We use a static model of closed monetary union and numerical simulations in which macroeconomic heterogeneities are introduced. Results show that the coordination is an efficient tool to increase EMU stabilization, even though coordination gains greatly varies according to macroeconomic heterogeneities. We then identify coalitions and free riding behaviours.

Suggested Citation

  • Christophe Schalck, 2007. "Coordination des Politiques Budgétaires dans une Union Monétaire Hétérogène: Modélisation et Application à l'UEM," EconomiX Working Papers 2007-2, University of Paris Nanterre, EconomiX.
  • Handle: RePEc:drm:wpaper:2007-2
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    File URL: http://economix.fr/pdf/dt/2007/WP_EcoX_2007-2.pdf
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    Cited by:

    1. BESSO, CHRISTOPHE RAOUL & chameni, celestin, 2016. "Analyse De La Vulnerabilite Macroeconomique De La Zone Franc [Analysis Of The Macroeconomic Vulnerability Of The Franc Zone]," MPRA Paper 75143, University Library of Munich, Germany.
    2. BESSO, Christophe Raoul & Chameni Nembua, Célestin, 2013. "CONTRAT OPTIMAL EN ZONE MONETAIRE HETEROGENE : Cas de la Zone Franc [OPTIMAL CONTRACT IN HETEROGENEOUS ECONOMIC MONETARY UNION:case of zone Franc]," MPRA Paper 47256, University Library of Munich, Germany.
    3. BESSO, Christophe Raoul & Chameni Nembua, Célestin, 2013. "POLICY-MIX ET GAINS DE COOPERATION EN ZONE MONETAIRE HETEROGENE : Cas de la Zone Franc [POLICY-MIX AND COOPERATION GAINS IN THE HETEROGENEOUS MONETARY AREA : The case of the Franc Zone]," MPRA Paper 83146, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • 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
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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