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Monetary and Fiscal Policy Interaction in the Emu : A Dynamic Game Approach

Van Aarle, Bas; Engwerda, Jacob C.; Plasmans, Joseph - 2021

The interaction of monetary and fiscal policies is a crucial issue in a highly integrated economic area as the European Union. We argue that EMU, which introduced a common monetary policy and restrictions on fiscal policy at the national level, increases the need for macroeconomic policy...

Persistent link: https://www.econbiz.de/10013320993

Monetary and Fiscal Policy Design Under Emu : A Dynamic Game Approach

Van Aarle, Bas; Engwerda, Jacob C.; Plasmans, Joseph; … - 2021

This paper analyzes the problem of designing macroeconomic stabilization policies within the European Monetary Union (EMU) as a dynamic game between a centralized monetary authority, the European Central Bank (ECB), and national fiscal policy makers. Non-cooperative feedback Nash equilibrium and...

Persistent link: https://www.econbiz.de/10013321074

Monetary/fiscal policy regimes in post-war Europe

Bouabdallah, Othman; Jacquinot, Pascal; Patella, Valeria - 2023

In most euro area countries, the monetary/fiscal policy mix is responsible for the changing history of debt and inflation facts. Using a Dynamic Stochastic General Equilibrium model with Markov-switching policy rules, we identify three distinct monetary/fiscal regimes in France and Italy: a...

Persistent link: https://www.econbiz.de/10014482924

Debt and fiscal responsibility in a federal structure : the case of Pakistan

Tahir, Nadia; Tahir, Parvez - In: Romanian journal of fiscal policy : RJFP 3 (2012) 2, pp. 27-47

coordination between federal and provincial debt strategies. …

Persistent link: https://www.econbiz.de/10010199904

Some Insights into Monetary and Fiscal Policy Interactions in the Czech Republic

Tomsik, Vladimir - 2013

The global financial and debt crisis highlights the need for a better understanding of how fiscal and monetary policies interact. This article examines three aspects of these interactions, as seen from the perspective of the Czech National Bank. It first looks at the effects of fiscal policy on...

Persistent link: https://www.econbiz.de/10013088115

The Role of Uncertain Government Preferences for Fiscal and Monetary Policy Interaction

Kuznetsova, Olga - 2017

This paper explores the role of uncertain government preferences for fiscal and monetary policy interaction. Our analysis shows that the uncertainty about government preferences does not affect the macroeconomic equilibrium if the fiscal multiplier is known. In the case of multiplicative...

Persistent link: https://www.econbiz.de/10012970807

The Applied Fiscal-Monetary Theory : Character of Constraint and Essentials to the Advancement of Developing Economies

Tweneboah Senzu, Emmanuel - 2021

The paper makes a proposition that the chaotic functioning order of the operating factors of the economy as a system only results in a constraint. And further, argue that a persistent aggregate chaotic functioning becomes a complex constraint, creating more distortion in the performance of the...

Persistent link: https://www.econbiz.de/10013245009

Dissolving „the unholy marriage“ : Hayek‘s recommendation on monetary and fiscal policy

Madi, Maria Alejandra Caporale - In: Journal of contemporary economic and business issues 2 (2015) 2, pp. 23-38

The contribution by the Austrian economist Friedrich von Hayek to monetary theory stimulates a far-reaching debate on … money. Since the early 1930s Hayek had been concerned about the role of money in the theory of production (Hayek, 1931 …). Influenced by Eugene Bohm-Bawerk’s theory of capital, Hayek deeply examined the effects of monetary policy on the process of …

Persistent link: https://www.econbiz.de/10011534016

Fiscal and monetary policy determinants of the Eurozone crisis and its resolution

Dąbrowski, Marek - 2012

quasi-fiscal rescue operations can undermine this consensus and lead to a disintegration of the Eurozone. There are also … ; Eurozone ; Maastricht Treaty ; European Central Bank ; Euro ; Fiscal union …

Persistent link: https://www.econbiz.de/10009572988

Fiscal and Monetary Policy Determinants of the Eurozone Crisis and Its Resolution

Dabrowski, Marek - 2012

quasi-fiscal rescue operations can undermine this consensus and lead to a disintegration of the Eurozone. There are also …

Persistent link: https://www.econbiz.de/10013102556