Kempf, Hubert; Thadden, Leopold von - 2008
, the Stability and Growth Pact of the European Monetary Union, international
agreements on exchange rates or the adoption …, equilibrium outcomes depend
sensitively on whether the central bank in a monetary union can move prior to national
fiscal … this world economy, be it a private agent,
a national policymaker, or an international policymaker, as ξ, and the set of …