Monetary-Fiscal Interactions in an Uncertain World: Lessons for European Policymakers
This paper reviews the roles of monetary and fiscal policies in macroeconmic stabilization. In particular, we take acount of interactions between the two policy instruments and ask whether the extent of macroeconomic and policy uncertainty has changed over time, especially with the advent of EMU. We also analyze how uncertainty should be incorporated into the policy formulation process.
Year of publication: |
2002
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Authors: | Lane, Philip R. |
Institutions: | Department of Economics, Trinity College Dublin |
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