Stabilization Capacity and Fiscal Policy in the EMU

Jorge Uxó González and M. Jesús Arroyo Fernández

Chapter 3 in Fiscal Policy in the European Union, 2008, pp 53-83 from Palgrave Macmillan

Abstract: Abstract Over the last two decades a ‘New Consensus’ has emerged within mainstream macroeconomics (Arestis, 2007), and one of its main features is the prominence of monetary policy over fiscal policy as a tool of stabilization policy.

Keywords: Monetary Policy; Fiscal Policy; Euro Area; Inflation Rate; Real Exchange Rate (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-22826-9_4

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DOI: 10.1057/9780230228269_4

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