Essays on fiscal-monetary interdependence
The core of this PhD dissertation consists of three research essays on issues related to fiscal and monetary interdependence. The general message across all three essays is that monetary and fiscal interdependence matters for economic stability. The first research essay explores the implications of fiscal and monetary interdependence on price stability. The essay is built upon a small open economy model which explains the link between fiscal deficits and inflation. The model is tested...[Show more]
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