Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/23615 
Year of Publication: 
2004
Series/Report no.: 
Diskussionspapier No. 28
Publisher: 
Helmut-Schmidt-Universität - Universität der Bundeswehr Hamburg, Fächergruppe Volkswirtschaftslehre, Hamburg
Abstract: 
This paper studies the interactions between monetary and fiscal policies in the euro area. The focus is on the union central bank, the German government, and the French government. The policy targets are price stability in the union, full employment in Germany, and full employment in France. The policy instruments are union money supply, German government purchases, and French government purchases. As a rule, the spillovers of fiscal policy are negative. The policy decisions are taken sequentially or simultaneously. This paper carefully discusses the case for central bank independence and fiscal cooperation between Germany and France.
Subjects: 
European Monetary Union
International Policy Coordination
Monetary Policy
Fiscal Policy
JEL: 
E12
F33
E63
F42
F41
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
234.98 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.