This commentary discusses the role of fiscal policies in core and periphery countries for economic rebalancing in the euro area.
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Optimal Monetary Policy and Fiscal Policy Interaction in a Non-Ricardian Economy
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Athanasios Orphanides
Introduction
Opening remarks
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Michal Franta and Jan Libich and Petr Stehlík
Should the ECB Coordinate EMU Fiscal Policies
Tatiana Kirsanova and Celsa Machado and Ana Paula Ribeiro
Sovereign Default and Monetary Policy Tradeoffs
Huixin Bi and Eric M. Leeper and Campbell Leith
