Out in the Sunshine?: Outsiders, Insiders, and the United States in 1998
CEPR Discussion Paper Series No. 1547
Posted: 20 Mar 1997
Date Written: January 1997
Abstract
The paper analyzes 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.
JEL Classification: F31, F33, F41, F42
Suggested Citation: Suggested Citation
Ghironi, Fabio Pietro and Giavazzi, Francesco and Giavazzi, Francesco, Out in the Sunshine?: Outsiders, Insiders, and the United States in 1998 (January 1997). CEPR Discussion Paper Series No. 1547, Available at SSRN: https://ssrn.com/abstract=4754
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