Interactions between Monetary Policy and Fiscal Rules.
The Fiscal Stability Pact for EMU suggests that constraints on fiscal policy are thought by policy makers to be necessary to ensure that the independent European central bank can control inflation. In this paper we examine the interrelationship between monetary and fiscal policy when both follow sim...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
School of Business and Economics (University of Exeter)
1999
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