Abstract

PANICO, Carlo. Fiscal and monetary policies in a community environment. Prob. Des [online]. 2011, vol.42, n.164, pp.55-70. ISSN 0301-7036.

This paper examines the ways in which fiscal and monetary policies are coordinated in the euro zone. There is widespread dissatisfaction in the literature about the way this coordination is organized and many writers consider that its lack of functionality helps to make the area's economy grow less rapidly than it might. The paper first describes the institutional framework and the coordination procedure in the euro zone. It then goes on to describe the evaluations in the literature and the proposals for related reform. Finally, it tried to outline an institutional framework and procedure that would better reflect the assessments in the literature, and which could help to improve the potentialities for economic growth in this euro zone.

Keywords : Regional integration; development; coordination of economic policies; monetary and fiscal policy.

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