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The size of an exchange rate union and the need for fiscal policy coordination
De Bonis, Valeria - In: Jahrbücher für Nationalökonomie und Statistik (1996), pp. 188-200
Persistent link: https://www.econbiz.de/10001197440
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The Size of an Exchange Rate Union and the Need for Fiscal Policy Coordination / Die Größe einer Währungsunion und die Notwendigkeit zur fiskalpolitischen Harmonisierung
De Bonis, Valeria - In: Jahrbücher für Nationalökonomie und Statistik 215 (1996) 2, pp. 188-200
Summary The negative transmission of fiscal policy among the members of an exchange rate union is a reason against the conduct of fiscal policy at the national level. Independent fiscal policies would act as asymmetric shocks for the union and cause a spiral of strategic reactions. This result...
Persistent link: https://www.econbiz.de/10014608465
Cover Image
The Size of an Exchange Rate Union and the Need for Fiscal Policy Coordination
Bonis, Valeria De - In: Jahrbücher für Nationalökonomie und Statistik 215 (1996) 2, pp. 188-200
Persistent link: https://www.econbiz.de/10005988647