L'Unione monetaria europea fra integralismo monetario e dipendenza della politica fiscale. Alcune considerazioni

Monetary "integralism" and fiscal policy dependence in the European Monetary Union. Some reflections

Rosaria Rita Canale

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this note is to raise some doubts about the opportunity to abandon the economic policy strategies that support aggregate demand because it is a prerequisite to realize the credibility of the new currency- the Euro. Prevailing literature states that, in the choice between inflation and unemployment, is always the second one to deserve a more immediate cure. Such position is motivated by the idea that – even if the market is the best way to organize the economic systems - it must occasionally be helped, since there is not an automatic convergence towards the natural equilibrium of full employment.

Keywords: Unione Monetaria Europea; politica fiscale e politica monetaria (search for similar items in EconPapers)
JEL-codes: E61 E63 (search for similar items in EconPapers)
Date: 1998
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Published in Studi e note di economia 1/1998 (1998): pp. 75-86

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