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Abstract

This study analyzes impact of stability and growth pact in Economics Monetary Union. We analyze the interaction of fiscal and monetary policies in the economic and monetary union. The aim was analyzed macroeconomics adjustment under non-cooperative and cooperative fiscal policy design in the Economic Monetary Union. In conclusion, cooperative case is better than non-cooperative case, but if we introduce stringency requirements like the stability and growth pact in the non-cooperative case, it become optimal like cooperative case.



Item Type: MPRA Paper -

Original Title: CONTRAT OPTIMAL EN ZONE MONETAIRE HETEROGENE : Cas de la Zone Franc-

English Title: OPTIMAL CONTRACT IN HETEROGENEOUS ECONOMIC MONETARY UNION:case of zone Franc-

Language: French-

Keywords: convergence, cooperative fiscal policy, central Bank, monetary union-

Subjects: C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C61 - Optimization Techniques ; Programming Models ; Dynamic AnalysisC - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining TheoryE - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General OutlookE - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy ; Stabilization ; Treasury Policy-





Author: BESSO, Christophe Raoul

Source: https://mpra.ub.uni-muenchen.de/47256/







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