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https://hdl.handle.net/10419/48454
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Bofinger, Peter | en |
dc.contributor.author | Mayer, Eric | en |
dc.date.accessioned | 2011-07-18T14:59:37Z | - |
dc.date.available | 2011-07-18T14:59:37Z | - |
dc.date.issued | 2003 | - |
dc.identifier.uri | http://hdl.handle.net/10419/48454 | - |
dc.description.abstract | In this paper we carry over a static version of a New Keynesian Macro Model developed in previous papers (see Bofinger, Mayer, and Wollmershäuser 2002) to a monetary union. For a similar approach see (Uhlig 2002). We will show in particular that a harmonious functioning of a monetary union critically depends on the correlation of shocks that hit the currency area. Additionally a high degree of integration in product markets is advantageous for the ECB as it prevents that national real interest rates can drive a wedge between macroeconomic outcomes across member states. In particular small countries are in a vulnerable position exposed to asymmetric shocks and therefore in need for fiscal policy as an independent stabilization agent with room to breath. | en |
dc.language.iso | eng | en |
dc.publisher | |aUniversity of Würzburg, Department of Economics |cWürzburg | en |
dc.relation.ispartofseries | |aW.E.P. - Würzburg Economic Papers |x40 | en |
dc.subject.jel | E50 | en |
dc.subject.jel | E60 | en |
dc.subject.jel | H70 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Monetary policy | en |
dc.subject.keyword | inflation targeting | en |
dc.subject.keyword | fiscal policy | en |
dc.subject.keyword | policy coordination | en |
dc.subject.keyword | free-riding | en |
dc.subject.stw | Geldpolitik | en |
dc.subject.stw | Finanzpolitik | en |
dc.subject.stw | Internationale wirtschaftspolitische Koordination | en |
dc.subject.stw | Ungleichgewichtstheorie | en |
dc.subject.stw | Phillips-Kurve | en |
dc.subject.stw | Europäische Wirtschafts- und Währungsunion | en |
dc.subject.stw | Theorie | en |
dc.title | Monetary and fiscal policy interaction in the Euro area with different assumptions on the Phillips curve | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 821277960 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:wuewep:40 | en |
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