Cooperative and non-cooperative fiscal stabilization policies in the EMU
نویسندگان
چکیده
منابع مشابه
Fiscal Stabilization in the EMU
We explore the welfare implications of several scal policies in an estimated two-country New Open Economy Macroeconomics (NOEM) model of the European Monetary Union (EMU). The model features incomplete nancial markets, home bias in nal consumption baskets and in input utilization. We rstly de ne the optimal policy. In addition to the optimal provision of public goods, the optimal policy inv...
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ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2002
ISSN: 0165-1889
DOI: 10.1016/s0165-1889(00)00056-7