Monetary and fiscal policy-makers in the European economy and monetary union: Allies or Adversaries?

Neck, ReinhardHaber, GottfriedMcKibbin, Warwick2015-12-130340-8744http://hdl.handle.net/1885/73069Optimal monetary and fiscal policies within the European Economic and Monetary Union (EMU) are determined by simulating a global model under alternative assumptions about the objective function of the European Central Bank (ECB) and about cooperation vs.Keywords: European Monetary Union; fiscal policy; monetary policy; policy making Cooperative solution; Dynamic game; European Economic and Monetary Union; European integration; Fiscal policy; Monetary policy; Non-cooperative equilibrium solutionMonetary and fiscal policy-makers in the European economy and monetary union: Allies or Adversaries?200210.1023/A:10202038099862015-12-11