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| Author: | Sgherri, S. |
| Title: | The fiscal dimension of a common monetary policy: results with a non-Ricardian global model |
| Journal: | European Journal of Finance
2002 : DEC, VOL. 8:4, p. 449-479 |
| Index terms: | European Monetary System Fiscal policy Monetary policy |
| Language: | eng |
| Abstract: | The interaction of fiscal and monetary policy is studied within an Economic and Monetary Union (EMU). The results suggest that, in a model in which bonds and money are counted as net wealth, an important source of cross-country heterogeneity in response to a common monetary shock is the differences in national economies' budgetary positions. |
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