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Fiscal Transfers in a Monetary Union with Exit Option

Hefeker, Carsten - 2015

It is widely debated whether a monetary union has to be accompanied by a fiscal transfer scheme to accommodate asymmetric shocks. We build a model of a monetary union with a central bank and two heterogeneous countries that are linked by a fiscal transfer scheme with repercussions on monetary...

Persistent link: https://www.econbiz.de/10013025966

Fiscal Policy and Macroeconomic Stability within a Monetary Union

Kirsanova, Tatiana; Vines, David; Wren-Lewis, Simon - 2005

We analyse the stability of countries within a monetary union in the face of asymmetric shocks, using a simple but widely applicable model. We show that members of the union may be subject to severe cycles following asymmetric shocks if there is a significant backward looking element in...

Persistent link: https://www.econbiz.de/10014064465

On relative shocks and fiscal policies in a monetary union

Alogoskoufis, George S. - 1990

Persistent link: https://www.econbiz.de/10013422111

Hayek's overinvestment theory and the stability of the Euro area

Schnabl, Gunther - In: The Emergence of a Tradition: Essays in Honor of Jesús …, (pp. 293-305). 2023

Persistent link: https://www.econbiz.de/10014309389

Is fiscal policy coordination in EMU desirable?

Beetsma, Roel - 2001

It is widely argued that Europe's unified monetary policy calls for the international coordination at the fiscal level. We survey the issues involved with such coordination of fiscal policy as a demand management tool and we use a simple model to investigate the cincumstances under which...

Persistent link: https://www.econbiz.de/10013361016

EMU : ready or not?

Obstfeld, Maurice - 1998

Persistent link: https://www.econbiz.de/10000664221

Designing the policy mix in a monetary union

Kempf, Hubert - 2020

This paper studies the design of the policy mix in a monetary union, that is, the institutional arrangement specifying the relationships between the various policymakers present in the union and the extent of their capacity of action. It is assumed that policymakers do not cooperate. Detailing...

Persistent link: https://www.econbiz.de/10012219885

Die Stabilitätsprogramme der EU : Anspruch und Wirklichkeit in den ersten vier Jahren der Europäischen Währungsunion

Sell, Friedrich L. - 2003

Finanzpolitik der EU-Mitgliedsstaaten gesammelt hat. Diese betreffen sowohl die Defizitobergrenze des Stabilitätspakts als auch die … einen neuen "Policy Mix" in der Euro-Zone organisieren hilft und zugleich das berühmte "Zuordnungsproblem adäquat löst. Das … Wirksamkeit der automatischen Stabilisatoren der Finanzpolitik gerade im Konjunkturabschwung und verbessert zugleich die …

Persistent link: https://www.econbiz.de/10010509331

Mixed monetary-fiscal policies and macroeconomic fluctuations : an analysis based on the dynamic stochastic general equilibrium model

Wang, Xi; Li, Jiayang; Zhang, Guangbin - In: China & world economy 30 (2022) 2, pp. 167-196

Persistent link: https://www.econbiz.de/10013175850

Expansionary or restrictive policies in the Eurozone? : dominating trends in the first two decades

Stawska, Joanna; Mourão, Paulo Reis - In: Acta oeconomica : periodical of the Hungarian Academy … 71 (2021) 3, pp. 405-430

Persistent link: https://www.econbiz.de/10012800810