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Keywords:

  • monetary–fiscal interactions;
  • institutional design;
  • commitment
  • E61

It has long been recognised that the interaction between monetary and fiscal policy may be an important determinant of the outcomes of both policies. To provide some insights into how this interaction and macroeconomic outcomes can be improved, a symposium was held at the 2010 Australian Conference of Economists. This piece summarises the discussion, with the full papers by Michal Franta, Jan Libich and Petr Stehlík; Don Brash; Carl Walsh; Jacopo Cimadomo; Stephen Kirchner; and Eric Leeper and Todd Walker appearing later in this issue.