Economic papers · 2002 · 13 citations · 0 references
Social SciencesEconomicsPublic FinanceFiscal PolicyMacroeconomicsMonetary EconomicsFiscal Policy AnalysisFiscal RulesMacroeconomic StabilizationMonetary PolicyPrice Level DeterminationPrice Level DynamicsFiscal Adjustment PathsFiscal Policy DynamicsFiscal Policy ResponsesMacroeconomic Fiscal StabilizationMacroeconomic-fiscal LinkagesMonetary Policy DynamicsMonetary Policy ResponsesMonetary Policy Rules
This paper assesses the extent to which the macroeconomic policy architecture of EMU represents a break with the past. This is carried out by estimating forward-looking fiscal and monetary policy rules for the Member States and by analysing them within the conceptual framework of the Fiscal Theory of the Price level.