Is Fiscal Policy Coordination Needed in a Common Currency Area?

It is widely assumed that a common currency makes it desirable to have also a common fiscal policy. However, if fiscal policy is a source of shocks, independent national fiscal policies are generally preferable because they allow for risk diversification

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Year of publication:	2008
Authors:	Belke, Ansgar Hubertus ; Gros, Daniel
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Währungsunion \| Monetary union \| Finanzpolitik \| Fiscal policy \| Internationale Wirtschaftspolitik \| International economic policy \| Eurozone \| Euro area \| Stabilisierungspolitik \| Stabilization policy

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Extent:	1 Online-Ressource (15 p)
Series:	Ruhr Economic Paper ; No. 62
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 1, 2008 erstellt
Other identifiers:	10.2139/ssrn.1280176 [DOI]
Classification:	E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization ; F42 - International Policy Coordination and Transmission
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014214110