• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Anastasiya Karpova
Fiscal Limits and Monetary Policy in the EMU
Bachelor’s programme
2014
The paper studies Fiscal Compact that entered into force in 2013 in the Euro area and sets different fiscal rules for countries with high and low level of debt. Building thee two-country model of the monetary union the author finds the incompatibility of fiscal rules adopted in the Euro area and problems with common monetary policy for countries with different cycles that are typical for countries under asymmetric fiscal rules. The paper also states that loses for both countries connected with fiscal consolidation can be lower in the case of less strict fiscal rule for highly indebted country.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses