coordinación de políticas fiscales en el marco de una unión económica y monetaria

  1. Vicente Orts Ríos 1
  2. Jose Emilio Boscá Mares 1
  1. 1 Universitat de València
    info

    Universitat de València

    Valencia, España

    ROR https://ror.org/043nxc105

Journal:
Working papers = Documentos de trabajo: Serie EC - (Instituto Valenciano de Investigaciones Económicas)

Year of publication: 1990

Issue: 6

Pages: 1-50

Type: Working paper

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Abstract

The purpose of this paper is to analize the avdentages and disadventages of fiscal policy coordination against other non cooperative solutions in a monetary and economic union. A simple macroeconomic model of two countries in line with the standard models within the literature is used. The objective functions of national policymakers are given, to compare the different results, cooperative and non cooperative, that can be obtained when every country adopts its fiscal policy in response to symmetric and asymetric shocks.

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