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The stability pack and inefficiencies in fiscal policy making in EMU
Alho, Kari E. O. - 2000
The aim of the paper is to analyse the Stability and Growth Pact of EMU in a two-country model of monetary union with …
Persistent link: https://www.econbiz.de/10010199298
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The policy mix in a two-tier monetary union with constraints on stabilization policy
Bredvad Nilsson, Christian - 1998
countries during the Third Stage of EMU. Restraints on fiscal policies and outside monetary policy are introduced as utility …
Persistent link: https://www.econbiz.de/10011583909
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Discretionary fiscal policy and the European Monetary Union
Jones, Jason - In: Modern economy 3 (2012) 6, pp. 742-751
Persistent link: https://www.econbiz.de/10009720478
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Changes in the Response of Fiscal Policy to Monetary Policy in the EMU
Arora, Sanchit; Boeing-Reicher, Claire - 2014
We study the evolution of the response of fiscal policy to monetary policy shocks in the EMU in the light of two … important events: the signing of the Maastricht treaty in 1992 and the introduction of the EMU in 1999. Based on impulse … policy acted as complements after the introduction of the EMU. These results holds for a set of 11 non-EMU countries as well …
Persistent link: https://www.econbiz.de/10010362160
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Fiscal policy and government debt : theory and empirical evidence
Eschenhof-Kammer, Sabine - 2013
Monetary Union is analyzed, taking a modified Galí/Monacelli New-Keynesian model for the EMU as a basis. In the second part …
Persistent link: https://www.econbiz.de/10009785604
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Transatlantic monetary and fiscal policy interaction
Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003
This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...
Persistent link: https://www.econbiz.de/10011509484
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Analysis of fiscal rules in the European Monetary Union
Šehović, Damir - In: Journal of central banking theory and practice 4 (2015) 1, pp. 19-33
Persistent link: https://www.econbiz.de/10010486417
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Fiscal episodes in the Economic and Monetary Union : elasticities and non-Keynesian effects
Afonso, António; Leal, Frederico Silva - In: International journal of finance & economics : IJFE 27 (2022) 1, pp. 571-593
Persistent link: https://www.econbiz.de/10012814843
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When Keynes goes to Brussels : a new fiscal rule for the EMU?
Saraceno, Francesco - 2016
Persistent link: https://www.econbiz.de/10011644627
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Fiscal federalism and a separate budget for the euro area
Ore̢ziak, Leokadia - In: International journal of management and economics 54 (2018) 2, pp. 85-98
The core objective of this paper is to determine the main political and economic conditions and challenges related to the possible evolution of the integration process in the euro area toward fiscal federalism and fiscal union as a way to increase the capacity of the area to cope with future...
Persistent link: https://www.econbiz.de/10012027105