NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Insulation Impossible: Fiscal Spillovers in a Monetary Union

Russell Cooper, Hubert Kempf, Dan Peled

NBER Working Paper No. 15176
Issued in July 2009

---- Acknowledgements -----

Russell Cooper is grateful to the NSF for financial support and to seminar participants at the University of Texas, the Bank of Canada, the Federal Reserve Bank of Cleveland, the Federal Reserve Bank of Dallas, the Federal Reserve Bank of Kansas City, the Federal Reserve Bank of San Francisco, the Banque de France, T2M 2009 Meeting (Strasbourg), European Central Bank, University of Bern, Cardi_ Business School, the University of Melbourne, Bocconi, University, the University of California at Davis, the Banco de Espana conference on "Interactions between Monetary and Fiscal Policy", the Einaudi Institute for Economics and Finance and the Universidad de San Andres for comments and suggestions. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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