Should central banks care about fiscal rules? /

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...

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Bibliographic Details
Main Author: Leeper, Eric M.
Format: eBook
Language:English
Published: Cambridge, MA. : National Bureau of Economic Research, C2016
Series:Working paper series ; 22800
Subjects:
Online Access:https://www.nber.org/papers/w22800.pdf