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Uncertainty and Fiscal Policy in an Asymmetric Monetary Union

✍ Scribed by Carsten Hefeker; Blandine Zimmer


Publisher
Springer US
Year
2009
Tongue
English
Weight
320 KB
Volume
22
Category
Article
ISSN
0923-7992

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Fiscal reform and monetary union in West
✍ Carsten Hefeker πŸ“‚ Article πŸ“… 2008 πŸ› John Wiley and Sons 🌐 English βš– 133 KB

## Abstract This paper explores the interaction between the proposed monetary union for ECOWAS and structural reforms of fiscal policy. In a monetary union among symmetric countries members run a more distortionary fiscal policy and structural reform efforts fall. This can also follow in countries