Resource title

Is fiscal policy coordination needed in a common currency area?

Resource image

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Resource description

It is widely assumed that a common currency makes it desirable to have also a common fiscal policy. However, if fiscal policy is a source of shocks, independent national fiscal policies are generally preferable because they allow for risk diversification.

Resource author

Ansgar Belke, Daniel Gros

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26827

Resource license

Adapt according to the presented license agreement and reference the original author.