Interactions between Monetary and Fiscal Policies in the Euro Area

Arbeitspapier

This paper studies the interactions between monetary and fiscal policies in the euro area. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the American central bank, the German government, and the French government. As to policy cooperation, the focus is on the same institutions. These are higher-dimensional issues. The policy targets are price stability and full employment. Special features of this paper are numerical simulations of policy competition and numerical solutions to policy cooperation.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Diskussionspapier ; No. 48

Classification and Topics

• Classification: Wirtschaft ; International Policy Coordination and Transmission ; Open Economy Macroeconomics ; Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy ; International Monetary Arrangements and Institutions
• Subject: European Monetary Union ; International Policy Coordination ; Monetary Policy ; Fiscal Policy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Carlberg, Michael
• Event: Veröffentlichung
• (who): Helmut-Schmidt-Universität - Universität der Bundeswehr Hamburg, Fächergruppe Volkswirtschaftslehre
• (where): Hamburg
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/23635
• URN: urn:nbn:de:gbv:705-opus-16919
• Last update: 10.03.2025, 11:43 AM CET