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Fiscal cooperation in a monetary union

Student: Anastasiya Chajkina

Supervisor: Olga Kuznetsova

Faculty: Faculty of Economic Sciences

Educational Programme: Bachelor

Year of Graduation: 2014

<p>The aim of this research paper is to analyze the cooperation of fiscal policies of the countries of the monetary union, based on establishing the union tax pool and its redistribution between member countries. The analysis showed that the technological shock does not affect the basic macroeconomic parameters of the monetary union. Therefore, a single monetary policy and many national fiscal policies are able to cope with the consequences of this shocks performance. Thus, in this case the economic situation of the monetary union is not dependent on fiscal cooperation.</p>

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