Coordination des Politiques Budgétaires dans une Union Monétaires Hétérogène: Modélisation et Application à l'UEM Coordination of Budgetary Policies in a Heterogeneous Monetary Union: Modelisation and Application

Christophe Schalck

MPRA Paper from University Library of Munich, Germany

Abstract: This paper studies coordination of Fiscal policies in a monetary union in terms of sta- bilization performance. We use a static model of closed monetary union and numerical simulations in which macroeconomic heterogeneities are introduced. Results show that the coordination is an e¢ cient tool to increase EMU stabilization, even though coordin- ation gains greatly varies according to macroeconomic heterogeneities. We then identify coalitions and free riding behaviours.

Keywords: coordination; hétérogénéités; UEM (search for similar items in EconPapers)
JEL-codes: E61 E63 F42 (search for similar items in EconPapers)
Date: 2006-12
New Economics Papers: this item is included in nep-mac
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https://mpra.ub.uni-muenchen.de/2234/1/MPRA_paper_2234.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:1435

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