Optimal Fiscal Policy Rules in a Monetary Union.
This paper investigates the importance of fiscal policy in providing macroeconomic stabilization in a monetary union. We use a microfounded New Keynesian model of a monetary union, which incorporates persistence in inflation and non-Ricardian consumers, and derive optimal simple rules for fiscal aut...
| Main Authors: | , , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Blackwell Publishing
2007
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