Aarle, Bas van; Bartolomeo, Giovanni di; Engwerda, … - In: IFO-Studien : Zeitschrift für empirische … 48 (2002) 2, pp. 207-229
The EMU is an highly integrated economic area where externalities occur. Therefore, in this context interaction of monetary and fiscal policies is a crucial issue. This paper focuses on how coalitions among policy-makers are formed and what are their effects on the stabilization of output and...