How Do Monetary and Fiscal Policy Interact in the European Monetary Union? [with Comments]

Formation of the Euro area raises new questions about the coordination of monetary and fiscal policy. Using a New Neoclassical Synthesis (NNS) model, we show that a common monetary policy, responding to area-wide aggregates, has asymmetric effects on countries within the union, depending on whether...

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Bibliographic details
Volume: 2004
Main Author: Canzoneri, Matthew B
Cumby, Robert E
Diba, Behzad T
Eggertsson, Gauti B
Favero, Carlo A
Format: Journal Article
Language: English
Place of publication: MIT Press 01.01.2004
The University of Chicago Press
published in: NBER International seminar on macroeconomics Vol. 2004; no. 1; pp. 241 - 325
Data of publication: 20040101
ISSN: 1932-8796
EISSN: 2150-8372
Discipline: Economics
Online Access: Fulltext
Database: CrossRef
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