Partisan fiscal policy in a monetary union : asymmetric shocks, delegation and welfare
This paper studies the impact of partisan national fiscal policy on the optimal central bank design of a two-country monetary union. In each country two parties with different preferences compete for office, their succession in power being formalized as zero-mean political shocks. These contrast wit...
| Autor principal: | |
|---|---|
| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2021
|
| Assuntos: | |
| Texto completo: | http://hdl.handle.net/10400.5/22740 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/22740 |