MONETARY AND FISCAL POLICIES INTERACTION IN MONETARY UNIONS

C-Tier
Journal: Journal of Economic Surveys
Year: 2018
Volume: 32
Issue: 1
Pages: 226-248

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper, the literature on the interaction between monetary and fiscal policies in a monetary union is surveyed. By adopting the concept of symbiosis as a starting point, the paper highlights the importance of uncertainty, policy makers' preferences and targets. Then, the role of commitment to policy rules and coordination is addressed. The analysis also focuses on the importance of the data considered for the generation of the policy mix. As a final step, the paper discusses the main results in the literature on public debt management in a monetary union. All the reported theoretical results are then adopted to retrieve policy and institutional implications for the European Monetary Union.

Technical Details

RePEc Handle
repec:bla:jecsur:v:32:y:2018:i:1:p:226-248
Journal Field
General
Author Count
1
Added to Database
2026-01-25