Fiscal-Monetary Policy Coordination and Central Bank Independence

O. Castren

Studies in Economics and Finance from Bank of Finland

Abstract: This study contains four essays in the areas of fiscal-monetary policy coordination, public finance and optimal monetary institutions. Essay 1 analyses inflation targeting in an economy with decentralised monetary and fiscal policies and centralised wage setting. Essay 2 studies inflation targeting in the context of a monetary union. Essay 3 focuses on Central Bank (CB) institutions and fiscal-monetary policy coordination under debt stabilisation programmes. Essay 4 looks at optimal fiscal policy in the presence of foreseeable shocks.

Keywords: MONETARY POLICY; INFLATION; CENTRAL BANKS; DEBT (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: Written

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Persistent link: http://EconPapers.repec.org/RePEc:fth:bfsefi:e12

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