Fiscal policy under alternative monetary policy regimes

Carmen Diaz-Roldan and Carmelo Monteagudo-Cuerva
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Carmelo Monteagudo-Cuerva: Universidad de Castilla-La Mancha, Spain

Business and Economic Horizons (BEH), 2013, vol. 9, issue 2, 1-9

Abstract: In the particular policy framework of a monetary union, the management of fiscal policy becomes an issue of special relevance, because the fiscal discipline imposed by the monetary agreements could limit the scope of stabilization fiscal policies, and its implications on economic growth. In this paper we will review the theoretical implications of fiscal policy in open economies. But we will pay special attention to the particular case of monetary unions, in order to show the relevance of the macroeconomic model behind economic policy decisions.

Keywords: Fiscal policy; open economies; monetary union (search for similar items in EconPapers)
JEL-codes: E62 E63 F41 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:pdc:jrnbeh:v:9:y:2013:i:2:p:1-9

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