Accession Number : ADA437543


Title :   Monetary and Fiscal Policy Interactions in the Euro Area


Descriptive Note : Discussion paper no. 28


Corporate Author : UNIVERSITAET DER BUNDESWEHR MUENCHEN NEUBIBERG (GERMANY F R) FAKULTAET FUER LUFT- UND RAUMFAHRTTECHNIK


Personal Author(s) : Carlberg, Michael


Full Text : http://www.dtic.mil/dtic/tr/fulltext/u2/a437543.pdf


Report Date : Mar 2004


Pagination or Media Count : 36


Abstract : This paper studies the interactions between monetary and fiscal policies in the euro area. The focus is on the union central bank, the German government, and the French government. The policy targets are price stability in the union, fall employment in Germany, and fall employment in France. The policy instruments are union money supply, Genrian government purchases, and French government purchases. As a rule, the spillovers of fiscal policy are negative. The policy decisions are taken sequentially or simultaneously. This paper carefully discusses the case for central bank independence and fiscal cooperation between Germany and France.


Descriptors :   *FRANCE , *GERMANY , *FISCAL POLICIES , *EUROPEAN UNION , *MONEY , FOREIGN POLICY , STABILITY , COMPETITION , MARKETING , DECISION MAKING , COOPERATION , INTERNATIONAL RELATIONS , PROCUREMENT , BANKING , EMPLOYMENT , GOVERNMENT(FOREIGN) , COSTS


Subject Categories : Economics and Cost Analysis
      Government and Political Science


Distribution Statement : APPROVED FOR PUBLIC RELEASE