Aarle, Bas van; Bartolomeo, Giovanni Di; Engwerda, Jacob; … - In: Open Economies Review 13 (2002) 4, pp. 321-340
European Union. This paper analyzes the design of monetary and fiscal policies in the EMU. To do so, the paper starts with an … overview of the most important aspects. Next, it analyzes monetary and fiscal policy interaction in a stylized model of a … monetary union, in which monetary and fiscal policy design is modeled as a dynamic stabilization game. Macroeconomic policy …