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Has EMU shifted policy? - F. Ballabriga and C. Martinez-Mongay

F. Ballabriga and C. Martinez-Mongay

Has EMU shifted policy? - F. Ballabriga and C. Martinez-Mongaypdf(385 kB) Choose translations of the previous link 

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.
(European Economy. Economic Papers. 166. February 2002. Brussels. 52pp. Tab. Free.)

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