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dc.contributor.authorGovernatori, Matteoen_US
dc.contributor.authorEijffinger, Sylvester C. W.en_US
dc.date.accessioned2009-01-28T15:52:23Z-
dc.date.available2009-01-28T15:52:23Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/18717-
dc.description.abstractThe paper builds a simplified model describing the economy of a currency union with decentralised national fiscal policy, where the main features characterising the policy-making are similar to those in EMU. National governments choose the size of deficit taking into account the two main rules of the Stability and Growth Pact on public finance. Unlike previous literature the asymmetric working of those rules is explicitly modelled in order to identify its impact on the Nash equilibrium of deficits arising from a game of strategic interaction between fiscal authorities in the union.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesCESifo working papers 1354en_US
dc.subject.jelH7en_US
dc.subject.jelH3en_US
dc.subject.jelE61en_US
dc.subject.jelH6en_US
dc.subject.ddc330en_US
dc.subject.keywordStability and Growth Pacten_US
dc.subject.keywordEMUen_US
dc.subject.keywordasymmetric fiscal rulesen_US
dc.subject.keyworddecentralised fiscal policyen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwEU-Stabilitätspakten_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwInternationale wirtschaftspolitische Koordinationen_US
dc.subject.stwEU-Staatenen_US
dc.titleFiscal and monetary interaction : the role of asymmetries of the stability and growth pact in EMUen_US
dc.typeWorking Paperen_US
dc.identifier.ppn477478794en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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