CORDIS Project
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FEDMONEY explores the concept of monetary federalism, proposing a tailored approach to monetary policy that considers regional economic differences. It aims to analyze the legal and economic frameworks of federalism in monetary governance, drawing insights from the historical context of the United States and Europe.
Monetary policy suffers from a “one size fits all” problem.
Central banks typically determine monetary policy by setting a headline interest rate uniformly across their jurisdiction.
Yet, in large jurisdictions, the optimal monetary policy on average tends to be suboptimal for economically heterogeneous regions.
Outside the realm of monetary policy, a solution to this type of governance problem is widely accepted: federalism.
But the state of the art has not analyzed federalism as a paradigm of…
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Belgium, Louvain La Neuve
Type: University / higher education
Activity type: Higher or Secondary Education Establishments
SME: No
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