On the Desirability of Coordinated Supply-side Intervention: Does a Monetary Union Matter?

This paper examines the desirability of coordinated supply-side intervention within a monetary union, given the constraints on monetary and fiscal policy. The author considers an economic framework featuring independent monetary policy. In general, coordinated intervention is most useful against shocks that require distinct policy responses in each separate economy.

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Year of publication:	2004
Authors:	Díaz-Roldán, Carmen
Published in:	Czech Journal of Economics and Finance (Finance a uver). - Institut ekonomických studií, ISSN 0015-1920. - Vol. 54.2004, 5-6, p. 243-251
Publisher:	Institut ekonomických studií
Subject:	monetary union \| supply-side policies \| policy coordination

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; F42 - International Policy Coordination and Transmission
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008549807