EMU's Decentralized System of Fiscal Policy



Ramey, Valerie A. (2006) “Identifying Government Spending Shocks: It’s All in the Timing”,
unpublished, University of California, San Diego.

Romer, Christina D. and David H. Romer (2007) “The Macroeconomic Effects of Tax
Changes: Estimates Based on a New Measure of Fiscal Shocks”, unpublished,
University of California, Berkeley.

Rotemberg, Julio J., and Michael Woodford (1997), “An Optimization Based Econometric
Framework for the Evaluation of Monetary Policy,” in Ben S. Bernanke and Julio J.
Rotemberg (eds) NBER Macroeconomics Annual 1997, 297-346.

Sala-i-Martin, Xavier, and Jeffrey Sachs (1991) “Fiscal Federalism and Optimum Currency
Areas: Evidence for Europe from the United States”, in: Matthew Canzoneri, Vittorio
Grilli, and Paul Masson (eds.),
Estabilishing a Central Bank: Issues in Europe and
Lessons from the US
, Cambridge: Cambridge University Press.

Sargent, Thomas and Neil Wallace (1981) “Some Unpleasant Monetarist Arithmetic”,
Quarterly Review, Federal Reserve Bank of Minneapolis.

Sorensen, Bent E. and Oved Yosha (1997) “Federal Insurance of US States: An Empirical
Investigation”, in: Assaf Razin and Efraim Sadka (eds.),
Globalization: Public
Economics Policy Perspectives
, Cambridge University Press.

Stockman, Alan C. (1998), “New Evidence Connecting Exchange Rates to Business Cycles.”
Federal Reserve Bank of Richmond
Economic Quarterly 84:2, 73-89

van Wincoop, Eric (1995) “Regional Risksharing”, European Economic Review 39, 1545-68.

von Hagen, Jürgen (1992) “Fiscal Arrangements in a Monetary Union - Some Evidence from
the US”, in: Don Fair and Christian de Boissieux (eds.),
Fiscal Policy, Taxes, and the
Financial System in an Increasingly Integrated Europe
, Deventer: Kluwer Academic
Publishers.

Von Hagen, Jürgen (2007), “Achieving Economic Stabilization by Risk Sharing within
Countries” in: Robin Boadway and Anwar A. Shah (eds.),
Intergovernmental Fiscal
Transfers: Principles and Practice
. Washington DC: World Bank

Woodford, Michael (2001) “Fiscal Requirements for Price Stability”, Journal of Money,
Credit and Banking
33: 669-728.

Wyplosz, Charles, (1991) “Monetary Union and Fiscal Policy Discipline”, European
Economy Special Edition
1, 165-184

Wyplosz, Charles, (1991) “Fiscal Policy: Institutions Versus Rules”, National Institute
Economic Review
191: 70-84.

22



More intriguing information

1. American trade policy towards Sub Saharan Africa –- a meta analysis of AGOA
2. Climate change, mitigation and adaptation: the case of the Murray–Darling Basin in Australia
3. The name is absent
4. Meat Slaughter and Processing Plants’ Traceability Levels Evidence From Iowa
5. The name is absent
6. The name is absent
7. IMPACTS OF EPA DAIRY WASTE REGULATIONS ON FARM PROFITABILITY
8. Can a Robot Hear Music? Can a Robot Dance? Can a Robot Tell What it Knows or Intends to Do? Can it Feel Pride or Shame in Company?
9. A Rare Presentation of Crohn's Disease
10. The name is absent