Has EMU shifted policy?

F. Ballabriga and C. Martinez-Mongay

No 166, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: 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.

Keywords: macro policy framework; fiscal theory of the price level; EMU; macroeconomic policy; Ballabriga; Martinez-Mongay (search for similar items in EconPapers)
Pages: 52 pages
Date: 2002-02
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Citations: View citations in EconPapers (58)

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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0166

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