L'Unione monetaria europea fra integralismo monetario e dipendenza della politica fiscale. Alcune considerazioni
[Monetary "integralism" and fiscal policy dependence in the European Monetary Union. Some reflections]
The aim of this note is to raise some doubts about the opportunity to abandon the economic policy strategies that support aggregate demand because it is a prerequisite to realize the credibility of the new currency- the Euro. Prevailing literature states that, in the choice between inflation and unemployment, is always the second one to deserve a more immediate cure. Such position is motivated by the idea that – even if the market is the best way to organize the economic systems - it must occasionally be helped, since there is not an automatic convergence towards the natural equilibrium of full employment.
|Date of creation:||1998|
|Publication status:||Published in Studi e note di economia 1/1998 (1998): pp. 75-86|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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"Rules, discretion and reputation in a model of monetary policy,"
Journal of Monetary Economics,
Elsevier, vol. 12(1), pages 101-121.
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