; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "On the Need for Fiscal Constraints in a Monetary Union"; ; "batchuser@example.com"; "Chari, V. V.", "Kehoe, Patrick J."; "Federal Reserve Bank of Minneapolis"; "International cooperation", "Free riding problem", "Time inconsistency", "Growth and stability pact"; "F31 - Foreign Exchange", "F33 - International Monetary Arrangements and Institutions", "F36 - Financial Aspects of Economic Integration", "E58 - Central Banks and Their Policies", "E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems"; "We show that the desirability of fiscal constraints in monetary unions depends critically on the extent of commitment of the monetary authority. If the monetary authority can commit to its policies, fiscal constraints can only impose costs. If the monetary authority cannot commit, there is a free-rider problem in fiscal policy, and fiscal constraints may be desirable. "^^; "1998-08"; "2019-07-30T14:18:40.308472466+00:00"^^; "https://doi.org/10.21034/wp.589"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Wed Oct 23 17:56:33 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "393", "129"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "589"; "Free riding problem", "International cooperation", "Growth and stability pact", "Time inconsistency"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Journal of Monetary Economics_ (Vol. 54, No. 8, November 2007, pp. 2399-2408), https://doi.org/10.1016/j.jmoneco.2007.06.032."^^; ; "Publication" . ; .