; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "On the Desirability of Fiscal Constraints in a Monetary Union"; ; "batchuser@example.com"; "Chari, V. V.", "Kehoe, Patrick J."; "Federal Reserve Bank of Minneapolis"; "E58 - Central Banks and Their Policies", "F42 - International Policy Coordination and Transmission", "F41 - Open Economy Macroeconomics", "E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy", "F33 - International Monetary Arrangements and Institutions"; "The desirability of fiscal constraints in monetary unions depends critically on whether the monetary authority can commit to follow its policies. If it can commit, then debt constraints can only impose costs. If it cannot commit, then fiscal policy has a free-rider problem, and debt constraints may be desirable. This type of free-rider problem is new and arises only because of a time inconsistency problem."^^; "2003-11"; "2019-06-21T19:40:42.633022782+00:00"^^; "https://doi.org/10.21034/sr.330"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 21:49:46 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "393", "129"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "330"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; ; "Publication" . ; .