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Koordinierung der Geld- und Fiskalpolitik in der EWU

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  • Jürgen von Hagen
  • Susanne Mundschenk

Abstract

Mit dem Beginn der dritten Stufe der Europäischen Wirtschafts- und Währungsunion haben sich die Bedingungen für die Wirtschaftspolitik in den Teilnehmerstaaten grundlegend verändert. Die EWU schafft ein neues Umfeld für die Wirtschaftspolitik, indem sie Interdependenzen der nationalen Wirtschaftpolitiken der Mitgliedsländer intensiviert bzw. auf der Ebene der Währungsunion neue Interdependenzen schafft. In diesem Papier analysieren wir die Interaktion einer einheitlichen Geldpolitik und nationaler Fiskalpolitiken. In der kurzen Frist, wenn eine nominale Veränderung der Nachfrage reale Outputwirkung zeigt, interagieren Geld- und Fiskalpolitik bei der Bestimmung der aggregierten Nachfrage in der Währungsunion. Damit entsteht ein Konfliktpotential zwischen gemeinsamer Geldpolitik und nationalen Fiskalpolitiken. Wir analysieren dieses Problem und leiten daraus einige Prinzipien für die Koordination der Wirtschaftspolitik in der Währungsunion ab.

Suggested Citation

  • Jürgen von Hagen & Susanne Mundschenk, 2002. "Koordinierung der Geld- und Fiskalpolitik in der EWU," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 71(3), pages 325-338.
    • Handle: RePEc:diw:diwvjh:71-30-4
    DOI: 10.3790/vjh.71.3.325
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    References listed on IDEAS

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