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Title:Is fiscal policy coordination needed in a common currency area? PDF Logo
Authors:Belke, Ansgar
Gros, Daniel
Issue Date:2008
Series/Report no.:Ruhr economic papers 62
Abstract:It is widely assumed that a common currency makes it desirable to have also a common fiscal policy. However, if fiscal policy is a source of shocks, independent national fiscal policies are generally preferable because they allow for risk diversification.
Subjects:Currency union
fiscal policy coordination
stabilisation
JEL:E63
F42
ISBN:978-3-86788-066-4
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des RWI
Ruhr Economic Papers, RWI

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