This chapter analyzes the effects of active monetary stabilization policy in an MU. It extends the analysis of the previous chapter, where monetary policy was held passive and the focus was entirely concentrated on (the coordination of) fiscal policies. In this chapter we will study the effects of active monetary policy andalternative regimes ofmacroeconomic policycooperation with their impact in a dynamic model of macro economic adjustment in an MU.
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Plasmans, J., Engwerda, J., van Aarle, B., di Bartolomeo, G., Michalak, T. (2006). An MU Model with Active Monetary Policy. In: Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations. Dynamic Modeling and Econometrics in Economics and Finance, vol 8. Springer, Boston, MA. https://doi.org/10.1007/0-387-27931-8_4
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DOI: https://doi.org/10.1007/0-387-27931-8_4
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-27884-1
Online ISBN: 978-0-387-27931-2
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