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Coordination of fiscal policies in a monetary union
(2000)
Documento de trabajo / Lan gaiak,
This paper examines how the member countries of a monetary union react to country-specific shocks and to shocks from the rest of the world, when the budget deficit is the only policy instrument available. We develop a ...
Supply policies coordination in a monetary union
(2000)
Documento de trabajo / Lan gaiak,
This paper examines how the member countries of a monetary union react to country-specific shocks and to shocks from the rest of the world, using supply-side policies. We develop a three-country model in which countries ...