The precarious fiscal foundations of EMU

Economist

Volumn 147, Issue 4, 1999, Pages 415-436

  Sims, Christopher A ^a  

^a NONE

Author keywords

European monetary union; Fiscal policy; Inflation; Liquidity trap; Monetary policy

Indexed keywords

ECONOMIC PLANNING; EUROPEAN MONETARY UNION; MONETARY POLICY;

EUROPE;

EID: 0033368337     PISSN: 0013063X     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1003819626903     Document Type: Article

References (10)

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2. Bergin, P.R. (1998), 'Fiscal Solvency and Price Level Determination in a Monetary Union', Discussion Paper, University of California, Davis, http://polar.ucdavis.edu/bergin/.
3. Dupor, W. (1997), 'Exchange Rates and the Fiscal Theory of the Price Level', Discussion Paper, Wharton School.
4. Leeper, E.M. (1991), 'Equilibria Under Active and Passive Monetary and Fiscal Policies', Journal of Monetary Economics, 27, pp. 129-147.
5. Sargent, T.J. and N. Wallace (1981), 'Some Unpleasant Monetarist Arithmetic', Quarterly Review of the Minneapolis Federal Reserve Bank, Fall, pp. 1-17.
6. Sims, C.A. (1994), 'A Simple Model for Study of the Determination of the Price Level and the Interaction of Monetary and Fiscal Policy', Economic Theory, 4, pp. 381-399.
7. Sims, C.A. (1997), 'Fiscal Foundations of Price Stability in Open Economies', Discussion Paper, Department of Economics, Princeton University, www.princeton.edu/~sims.
8. Sims, C.A. (1999), 'The Role of Interest Rate Policy in the Generation and Propagation of Business Cycles. What Has Changed Since the 30s?', in: Proceedings of the 1998 Annual Research Conference. Federal Reserve Bank of Boston.
9. Woodford, M. (1995), 'Price Level Determinacy Without Control of a Monetary Aggregate', Carnegie-Rochester Conference Series on Public Policy, 43, pp. 1-46.
10. Woodford, M. (1996), 'Control of the Public Debt: A Requirement for Price Stability?', Working Paper 5684, NBER.