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.

MoreLess

Year of publication:	2008-08
Authors:	Belke, Ansgar ; Gros, Daniel
Institutions:	Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
Subject:	Currency union \| fiscal policy coordination \| stabilisation

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Ruhr Economic Papers. - ISSN 1864-4872.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 0062 15 pages
Classification:	E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization ; F42 - International Policy Coordination and Transmission
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005561998