Coordination and Crisis in Monetary Unions
收藏NBER2014-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20277
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We characterize fiscal and monetary policy in a monetary union with the potential for rollover crises in sovereign debt markets. Member-country fiscal authorities lack commitment to repay their debt and choose fiscal policy independently. A common monetary authority chooses inflation for the union,
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美国国家经济研究局创建时间：
2014-07-01
