1 option
Should Central Banks Care About Fiscal Rules? / Eric M. Leeper.
- Format:
- Book
- Author/Creator:
- Leeper, Eric M.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w22800.
- NBER working paper series no. w22800
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2016.
- Summary:
- This essay aims to explain the nature of monetary and fiscal policy interactions and how those interactions could inform the fiscal rules that countries choose to follow. It makes two points: (1) monetary policy control of inflation requires appropriate fiscal backing; (2) European fiscal frameworks appear unlikely to provide the necessary fiscal backing.
- Notes:
- Print version record
- November 2016.
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