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L'Unione monetaria europea fra integralismo monetario e dipendenza della politica fiscale. Alcune considerazioni
[Monetary "integralism" and fiscal policy dependence in the European Monetary Union. Some reflections]

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  • Canale, Rosaria Rita

Abstract

The aim of this note is to raise some doubts about the opportunity to abandon the economic policy strategies that support aggregate demand because it is a prerequisite to realize the credibility of the new currency- the Euro. Prevailing literature states that, in the choice between inflation and unemployment, is always the second one to deserve a more immediate cure. Such position is motivated by the idea that – even if the market is the best way to organize the economic systems - it must occasionally be helped, since there is not an automatic convergence towards the natural equilibrium of full employment.

Suggested Citation

  • Canale, Rosaria Rita, 1998. "L'Unione monetaria europea fra integralismo monetario e dipendenza della politica fiscale. Alcune considerazioni [Monetary "integralism" and fiscal policy dependence in the European Monet," MPRA Paper 1429, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:1429
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    File URL: https://mpra.ub.uni-muenchen.de/1429/1/MPRA_paper_1429.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Unione Monetaria Europea; politica fiscale e politica monetaria;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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