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The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants and commentators that the search for empirical support would seem to be a trivial task. However, this is not the case. We find that the ECB is indeed often influenced by the...
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We examine, in a suitable theoretical framework, the relations between monetary and fiscal policies within the European Economic and Monetary Union (EMU). Our stylized setup of EMU includes the following political agents, each endowed with an objective function: (i) A central authority (EC),...
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to occur and unwise.This Article suggests a different and more promising route. It argues that agency coordination … between the IRS/Treasury and other federal agencies, called tax coordination, would improve administration, management, and … public administration regarding agency coordination, this article shows the benefit of tax coordination. It then presents …
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