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Has EMU shifted policy?

Author

Listed:
  • F. Ballabriga
  • C. Martinez-Mongay

Abstract

This paper assesses the extent to which the macroeconomic policy architecture of EMU represents a break with the past. This is carried out by estimating forward-looking fiscal and monetary policy rules for the Member States and by analysing them within the conceptual framework of the Fiscal Theory of the Price level.

Suggested Citation

  • F. Ballabriga & C. Martinez-Mongay, 2002. "Has EMU shifted policy?," European Economy - Economic Papers 2008 - 2015 166, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    • Handle: RePEc:euf:ecopap:0166
    as

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    File URL: https://ec.europa.eu/economy_finance/publications/pages/publication1922_en.pdf
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    References listed on IDEAS

    as
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