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Helmut-Schmidt-Universität (HSU), Hamburg >
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http://hdl.handle.net/10419/23635
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| Title: | | Interactions between Monetary and Fiscal Policies in the Euro Area  |
| Authors: | | Carlberg, Michael |
| Issue Date: | | 2006 |
| Series/Report no.: | | Diskussionspapier / Helmut-Schmidt-Universität Hamburg, Fächergruppe Volkswirtschaftslehre 48 |
| Abstract: | | This paper studies the interactions between monetary and fiscal policies in the euro area. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the American central bank, the German government, and the French government. As to policy cooperation, the focus is on the same institutions. These are higher-dimensional issues. The policy targets are price stability and full employment. Special features of this paper are numerical simulations of policy competition and numerical solutions to policy cooperation. |
| Subjects: | | European Monetary Union International Policy Coordination Monetary Policy Fiscal Policy |
| JEL: | | F42 F41 E63 F33 |
| Persistent Identifier of the first edition: | | urn:nbn:de:gbv:705-opus-16919 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Diskussionspapiere, Fächergruppe VWL, Helmut-Schmidt-Universität
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