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Monetary and Fiscal Policy Interactions in the Euro Area

Carlberg, Michael - 2004

This paper studies the interactions between monetary and fiscal policies in the euro area. The focus is on the union central bank, the German government, and the French government. The policy targets are price stability in the union, full employment in Germany, and full employment in France. The...

Persistent link: https://www.econbiz.de/10010296372

Monetary and Fiscal Policy Interactions in the Euro Area

Carlberg, Michael - 2004

Persistent link: https://www.econbiz.de/10010263428

Monetary and Fiscal Policies in the Euro Area

Carlberg, Michael - 2007

This paper studies monetary and fiscal policies in the euro area. It discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the German government, and the French government. As...

Persistent link: https://www.econbiz.de/10010263459

Gains from international monetary policy coordination: does it pay to be different?

Liu, Zheng; Pappa, Evi - 2005

asymmetries across countries. In a two-country world with a traded and a non-traded sector in each country, optimal independent …

Persistent link: https://www.econbiz.de/10011604560

International transmission and monetary policy cooperation

Coenen, Günter; Lombardo, Giovanni; Smets, Frank; … - 2008

We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...

Persistent link: https://www.econbiz.de/10011604904

Monetary Policy Dynamics in Large Oil-Dependent Economies

Wohltmann, Hans-Werner; Winkler, Roland C. - 2005

The paper analyzes the impacts of anticipated and unanticipated monetary policies on two large open economies that are dependent upon raw materials imports from a small third country. The analysis is based on asymmetric behavior on the supply side of both economies and an endogenous commodity...

Persistent link: https://www.econbiz.de/10010296251

International Monetary Policy Coordination

Carlberg, Michael - 2005

This paper studies the international coordination of monetary policies in the world economy. It carefully discusses the …

Persistent link: https://www.econbiz.de/10010296390

International Monetary Policy Coordination

Carlberg, Michael - 2005

This paper studies the international coordination of monetary policies in the world economy. It carefully discusses the …

Persistent link: https://www.econbiz.de/10010263438

Asset market participation, monetary policy rules and the great inflation

Bilbiie, Florin O.; Straub, Roland - 2012

This paper argues that limited asset market participation is crucial in explaining U.S. macroeconomic performance and monetary policy before the 1980s, and their changes thereafter. In an otherwise conventional sticky-price model, standard aggregate demand logic is inverted at low enough asset...

Persistent link: https://www.econbiz.de/10011605483

The role of the chinese dollar peg for macroeconomic stability in China and the world economy

Schnabl, Gunther - 2011

During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a … stabilizer for East Asia and the world. The paper stresses the crucial role of the dollar peg for macroeconomic stability in …, East Asia and the world economy. Distortions originating in real exchange rate stabilization are identified and are argued …

Persistent link: https://www.econbiz.de/10010334486

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