Elastyczność polityki fiskalnej w Unii Walutowej
Ładowanie...
Data wydania
2007
Autorzy
Tytuł czasopisma
ISSN
0071-674X
eISSN
Tytuł tomu
ISBN
eISBN
Wydawca
Oficyna Wydawnicza AFM
Abstrakt
The discussion of the need to formally coordinate fiscal policies in monetary union member
countries lacks a framework to assess the feasibility of different limits and requirements
imposed on public finance at the member-country level. The main argument raised by
opponents to a multi lateral supervision is that it allows for n o flexibility in conducting fiscal
policy. A lack of this flexibility makes a response to asymmetric shocks impossible and
increases differences in business cycle phases among monetary union member countries . This
paper offers a framework to assess and compare fiscal policy flexibility underavariety of
different fiscal constraints and their levels.
Opis
Tematy
Słowa kluczowe
monetary integration, fiscal policy flexibility, fiscal convergence criteria, integracja monetarna, elastyczność polityki monetarnej, kryteria konwergencji fiskalnej
Źródło
Folia Oeconomica Cracoviensia 2007, Vol. XLVIII, s. 25-46.