Does Monetary Cooperation or Confrontation Lead to Successful Fiscal Consolidation?

Active accommodation of fiscal consolidations by monetary policy is controversial, as can be seen in current euro area discussions. While many observers acknowledge that there is usually a place for monetary accommodation in response to fiscal consolidation, a sequencing argument is often heard toda...

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Bibliographic details
Main Author: Posen, Adam Simon
Hellebrandt, Tomas
Tolle, Marilyne
Format: Paper
Language: English
Place of publication: 01.04.2012
Related: Peterson Institute for International Economics
Data of publication: 2012/04
Series: Policy Briefs
Online Access: available in Bonn?
Database: RePEc IDEAS
Database information Databases - DBIS