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