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dc.contributor.authorHefeker, Carstenen
dc.contributor.authorZimmer, Blandineen
dc.date.accessioned2009-08-26-
dc.date.accessioned2010-03-05T15:43:25Z-
dc.date.available2010-03-05T15:43:25Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aPhilipps-University Marburg, Faculty of Business Administration and Economics |cMarburgen
dc.relation.ispartofseries|aMAGKS Joint Discussion Paper Series in Economics |x2009,13en
dc.subject.jelE58en
dc.subject.jelE63en
dc.subject.jelF36en
dc.subject.ddc330en
dc.subject.keywordMonetary unionen
dc.subject.keywordfiscal policyen
dc.subject.keywordtransparency of monetary policyen
dc.subject.keywordasymmetries.en
dc.titleUncertainty and fiscal policy in an asymmetric monetary union-
dc.type|aWorking Paperen
dc.identifier.ppn603922066en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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