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This paper studies the interactions between monetary and fiscal policies in the euro area. It carefully 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 American...
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extent this results from insufficient public policy coordination of EU member states' public and fiscal policies. This paper … collective coordination problem. In addition it also considers the suggestions made for introducing a crisis mechanism. Although … the main actors in the Euro zone seem to be aware of the problems of the existing coordination mechanisms (too narrow …
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