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Monetary and Fiscal Policy Dynamics in an Asymmetric Monetary Union
Clausen, Volker; Wohltmann, Hans-Werner - EconWPA - 2002
This paper investigates the dynamic effects of monetary and fiscal policy in a monetary union, which is characterized by asymmetric interest rate transmission. This asymmetry gives rise to intertemporal reversals in the relative effectiveness of policy on member country outputs. The direction...
Persistent link: https://www.econbiz.de/10005126325
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EXCHANGE RATE AND INFLATION TARGETING IN MOROCCO AND TUNISIA
Nathalie, Grand; Vincent, Dropsy - EconWPA - 2005
investment and growth. These liberalization programs require important adjustments in their economic policies, in particular … exchange rate targeting and money-growth rules, as their markets are increasingly liberalized. First, their past economic …
Persistent link: https://www.econbiz.de/10005561228