Documents de treball producció científicaUniversitat Rovira i Virgili. Departament d'Economia

Should fiscal authorities cooperate in a monetary union with public deficit targets?

  • Identification data

    Identifier:  PC:2040
    Handle: https://hdl.handle.net/20.500.11797/PC2040
    Authors:  Ferré Carracedo, Montserrat
    Abstract:
    In this paper we analyse the setting of optimal policies in a monetary union with one monetary authority and various fiscal authorities that have a public deficit target. We will show that fiscal cooperation among the fiscal authorities, in the presence of positive supply shocks, ends up producing higher public deficits than in a non-cooperative regime. JEL No. E61, E63, F33, H0. Keywords: monetary union, fiscal policy coordination.

  • Others:

    Date: 2003
    Identifier: http://hdl.handle.net/2072/1774
    Departament/Institute: Universitat Rovira i Virgili. Departament d'Economia
    Language: eng
    Author: Ferré Carracedo, Montserrat
    Relation: Documents de treball del Departament d'Economia;2003-4
    Format: application/pdf, 112762 bytes

  • Keywords:

    Política fiscal
    Integració monetària

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