Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/26827
Authors: 
Belke, Ansgar
Gros, Daniel
Year of Publication: 
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

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