Monetary and fiscal policies interactions in a monetary union with country-size asymmetry

Within a country-size asymmetric monetary union, idiosyncratic shocks and national fiscal stabilization policies cause asymmetric cross-border effects. These effects are a source of strategic interactions between noncoordinated fiscal and monetary policies: on the one hand, due to larger externaliti...

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Bibliographic Details
Main Author: Machado, Celsa Maria de Carvalho (author)
Other Authors: Ribeiro, Ana Paula (author)
Format: article
Language:eng
Published: 2012
Subjects:
Online Access:http://hdl.handle.net/10400.22/138
Country:Portugal
Oai:oai:recipp.ipp.pt:10400.22/138