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Volume 54, Issue 5 -6


On the Desirability of Coordinated Supply-side Intervention: Does a Monetary Union Matter? (in English)

Díaz-Roldán, Carmen

Year: 2004   Volume: 54   Issue: 5 -6   Pages: 243-251

Abstract: This paper examines the desirability of coordinated supply-side intervention within a monetary union, given the constraints on monetary and fiscal policy. The author considers an economic framework featuring independent monetary policy. In general, coordinated intervention is most useful against shocks that require distinct policy responses in each separate economy.

JEL classification: E61, E62, F42

Keywords: monetary union, supply-side policies, policy coordination


RePEc: n/a

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