Discussion paper

DP1547 Out in the Sunshine? Outsiders, Insiders, and the United States in 1998

The paper analyses monetary and fiscal policy interactions in a three-country world, interpreted to represent two EU economies and the rest of the world. The analysis extends well-known results in the literature on international policy spillovers by investigating the effects of different sizes of the two EU economies. A set of general results is derived, which allows a reinterpretation of earlier findings in the literature on policy-making in interdependent economies.

£6.00
Citation

Giavazzi, F and F Ghironi (1997), ‘DP1547 Out in the Sunshine? Outsiders, Insiders, and the United States in 1998‘, CEPR Discussion Paper No. 1547. CEPR Press, Paris & London. https://cepr.org/publications/dp1547

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