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Title:Interactions between Monetary and Fiscal Policies in the Euro Area PDF Logo
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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