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dc.contributor.authorHefeker, Carstenen_US
dc.contributor.authorZimmer, Blandineen_US
dc.date.accessioned2009-08-26en_US
dc.date.accessioned2010-03-05T15:43:25Z-
dc.date.available2010-03-05T15:43:25Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30115-
dc.description.abstractWe examine monetary and fiscal interactions in a monetary union model with uncertainty due to imperfect central bank transparency. It is first shown that monetary uncertainty discourages excessive taxation and may thus reduce average inflation and output distortions. However, as countries enter the monetary union, this tax-restraining effect of uncertainty is mitigated. The monetary union may hence lead to higher fiscal distortions in some member countries, depending on governments’ spending targets and on the change in the degree of uncertainty implied by common monetary policy.en_US
dc.language.isoengen_US
dc.publisherUniv., Dep. of Business Administration & Economics Marburgen_US
dc.relation.ispartofseriesJoint discussion paper series in economics 2009,13en_US
dc.subject.jelE58en_US
dc.subject.jelE63en_US
dc.subject.jelF36en_US
dc.subject.ddc330en_US
dc.subject.keywordMonetary unionen_US
dc.subject.keywordfiscal policyen_US
dc.subject.keywordtransparency of monetary policyen_US
dc.subject.keywordasymmetries.en_US
dc.titleUncertainty and fiscal policy in an asymmetric monetary unionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn603922066en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:MAGKS Joint Discussion Paper Series in Economics, Universität Marburg

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