Interactions Between Monetary and Fiscal Policies in the Euro Area

Abstract

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.

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Document Details

Document Type
Technical Report
Publication Date
Mar 01, 2006
Accession Number
ADA456232

Entities

People

  • Michael Carlberg

Tags

Communities of Interest

  • Biomedical
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Communication Systems
  • Competition
  • Cooperation
  • Economic Policy
  • Economics
  • Employment
  • Governments
  • Human Behavior
  • Investments
  • Mobile Communications
  • Mobile Phones
  • Monetary Policy
  • Money
  • Side Effects
  • Simulations
  • Steady State

Fields of Study

  • Economics
  • Political science

Readers

  • Finite Element Method (FEM) for solving Partial Differential Equations (PDEs)
  • International Relations and European Studies