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https://hdl.handle.net/10419/18717
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Governatori, Matteo | en |
dc.contributor.author | Eijffinger, Sylvester C. W. | en |
dc.date.accessioned | 2009-01-28T15:52:23Z | - |
dc.date.available | 2009-01-28T15:52:23Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/18717 | - |
dc.description.abstract | The paper builds a simplified model describing the economy of a currency union withdecentralised national fiscal policy, where the main features characterising the policy-makingare similar to those in EMU. National governments choose the size of deficit taking intoaccount the two main rules of the Stability and Growth Pact on public finance. Unlikeprevious literature the asymmetric working of those rules is explicitly modelled in order toidentify its impact on the Nash equilibrium of deficits arising from a game of strategicinteraction between fiscal authorities in the union. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1354 | en |
dc.subject.jel | H7 | en |
dc.subject.jel | H3 | en |
dc.subject.jel | E61 | en |
dc.subject.jel | H6 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Stability and Growth Pact | en |
dc.subject.keyword | EMU | en |
dc.subject.keyword | asymmetric fiscal rules | en |
dc.subject.keyword | decentralised fiscal policy | en |
dc.subject.stw | Europäische Wirtschafts- und Währungsunion | en |
dc.subject.stw | EU-Stabilitätspakt | en |
dc.subject.stw | Finanzpolitik | en |
dc.subject.stw | Internationale wirtschaftspolitische Koordination | en |
dc.subject.stw | EU-Staaten | en |
dc.title | Fiscal and monetary interaction : the role of asymmetries of the stability and growth pact in EMU | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 477478794 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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