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Overturning Mundell fiscal policy in a monetary union
Content Provider | Library of Congress - Books/Printed Material |
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Author | Kempf, Hubert Cooper, Russell W. |
Temporal Coverage | 2002 |
Abstract | "Central to ongoing debates over the desirability of monetary unions is a supposed trade-off, outlined by Mundell [1961]: a monetary union reduces transactions costs but renders stabilization policy less effective. If shocks across countries are sufficiently correlated, then, according to this argument, delegating monetary policy to a single central bank is not very costly and a monetary union is desirable"--Federal Reserve Bank of Minneapolis web site. |
Language | English |
Publisher | Federal Reserve Bank of Minneapolis, |
Publisher Place | Minneapolis, Minn. |
Part of Series | Catalog |
Requires | HTML5 supported browser |
Access Restriction | Open |
Subject Keyword | Fiscal Policy Monetary Unions |
Subject Domain (in LCSH) | Monetary unions |
Subject Domain (in LCSH) | Fiscal policy |
Subject Domain (in LCC) | HB1 |
Content Type | Text |
Resource Type | Book |