01614nam a2200277 a 4500 1/51381 080128s2008 be u pdd 1 a0eng d 9789279082306 1016-8060 (print) 1725-3187 (online) KC-AI-08-305-EN-C 37273 GR-PeUP ΚΕΤ Αλφαβητική σειρά Hallett, Andrew H. Coordination without explicit cooperation : monetary-fiscal interactions in an era of demographic change / Andrew Hughes Hallett. Brussels- Belgium: European Comission: Directorate-General for Economic and Financial Affairs, 2008. 47 σ.: διαγ. πιν. 30 εκ. European Economy. Economic papers ; Early work on the theory of economic policy stressed the importance of accounting for the interactions between fiscal and monetary policy. Tinbergen, and Cooper, taught us that there would be costs in missed targets, instability, and protracted imbalances if this was not done. Yet most models we use today treat fiscal or monetary policies as if they operated alone. This paper reviews the advantages of recognising those interactions. Economic Papers European Commission : Directorate-General for Economic and Financial Affairs. Economic Papers February 2008, No 305. European Economy. Economic papers ; 305. INST UNIPILB KET 20090310 EEEP 305 EEEP 305 NOLOAN 23 1 http://ec.europa.eu/economy_finance/publications/publication_summary12109_en.htm