Is fiscal policy coordination needed in a common currency area?

Ansgar Belke and Daniel Gros

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. -- Currency union ; fiscal policy coordination ; stabilisation

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Year of publication:	Aug. 2008
Other Persons:	Belke, Ansgar (contributor) ; Gros, Daniel (contributor)
Publisher:	Essen : RWI
Subject:	Finanzpolitik \| Fiscal policy \| Internationale Wirtschaftspolitik \| International economic policy \| Währungsunion \| Monetary union \| Eurozone \| Euro area \| Stabilisierungspolitik \| Stabilization policy \| Theorie \| Theory

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Extent:	Online-Ressource (13 S.)
Series:	Ruhr economic papers. - Essen : RWI, ISSN 1864-4872, ZDB-ID 2278825-6. - Vol. 62
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
ISBN:	978-3-86788-066-4
Other identifiers:	hdl:10419/26827 [Handle]
Classification:	E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003745058