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

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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File URL: http://www.tcd.ie/Economics/TEP/2002_papers/TEPNo13PL22.pdf
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Paper provided by Trinity College Dublin, Department of Economics in its series CEG Working Papers with number 20027.

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Date of creation: 2002
Handle: RePEc:tcd:tcdceg:20027
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