Monetary and Fiscal Policies in the Euro Area (by Michael Carlberg)


Author(s): Michael Carlberg

Publisher: Springer
Publish date: 2006-01-13
ISBN-10: 3540297995
ISBN-13: 9783540297994
Language: English
Description: This book studies the interactions between monetary and fiscal
poUcies 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 pohcy targets are price stability and full employment.
The policy makers follow co- turkey or gradualist strategies. The
policy decisions are taken sequentially or simultaneously. Monetary
and… more…

Read Source: Monetary and Fiscal Policies in the Euro Area (by Michael Carlberg)»

Leave a Reply

Your email address will not be published.