English, Article, Journal or magazine article edition: On the Desirability of Supply-Side Intervention in a Monetary Union Mª Carmen Díaz Roldán

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Bookmark: http://trove.nla.gov.au/version/160833
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On the Desirability of Supply-Side Intervention in a Monetary Union
Author
  • Mª Carmen Díaz Roldán
Physical Description
  • preprint
Notes
  • This paper examines the desirability of supply-side intervention within a monetary union, given the constraints on monetary and fiscal policy, and compares it with an economic framework characterized by the independence of monetary policy. To this end, we first develop a simple two-country model in order to analyse in strategic terms how the authorities can deal with monetary, real and supply shocks, and the extent to which supply-side intervention may be useful to deal with these shocks. Next, we study whether the formation of a monetary union could be beneficial when there is coordination over labour market intervention.
  • Monetary union, supply-side policies, policy coordination.
  • RePEc:cea:doctra:e2002_21
Language
  • English
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