Cross-border spill-overs from fiscal stimulus in a monetary union
Sign Up to like & getrecommendations! Published in 2017 at "Economic Modelling"
DOI: 10.1016/j.econmod.2017.05.010
Abstract: We analyse domestic and cross-border effects of fiscal policy in a two-region business cycle model of a monetary union. Without relying on debt consolidation via spending reversals along the lines of Corsetti, Meier and Mueller… read more here.
Keywords: cross border; border spill; monetary union; border ... See more keywords
Strategic fiscal policies and leadership in a monetary union
Sign Up to like & getrecommendations! Published in 2017 at "European Journal of Political Economy"
DOI: 10.1016/j.ejpoleco.2016.04.003
Abstract: We consider the strategic interactions between fiscal and monetary policies in a monetary union when a fiscal authority enjoys a strategic advantage. In particular we depart from the standard literature on strategic interactions in monetary… read more here.
Keywords: fiscal authority; fiscal policies; strategic fiscal; policies leadership ... See more keywords
Budget uncertainty in a monetary union
Sign Up to like & getrecommendations! Published in 2020 at "European Journal of Political Economy"
DOI: 10.1016/j.ejpoleco.2020.101884
Abstract: Abstract Governments in a monetary union fear spending disturbances. We distinguish them according to their ability to hedge against these disturbances and assume that they derive their optimal fiscal decisions by using a robust control… read more here.
Keywords: uncertainty monetary; budget uncertainty; spending disturbances; monetary union ... See more keywords
Effects of debt mutualization in a monetary union with endogenous risk premia : Can Eurobonds contribute to debt stabilization?
Sign Up to like & getrecommendations! Published in 2017 at "Structural Change and Economic Dynamics"
DOI: 10.1016/j.strueco.2017.11.004
Abstract: This paper analyses debt stabilization in a monetary union that features endogenous risk premia. In particular, debt stabilization in two diametrically opposed regimes is compared. In the first regime, the “national fiscal discipline regime”, financial… read more here.
Keywords: risk; debt stabilization; risk premia; monetary union ... See more keywords
An Austere Nation? Dutch Public Choice Theory and European Monetary Union
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DOI: 10.1017/s0960777324000638
Abstract: When considering the ideas behind economic and monetary union, most of the scholarly attention has focused on Germany and its ordoliberal tradition. The role of smaller countries such as the Netherlands, however, has yet to… read more here.
Keywords: public choice; choice theory; history; monetary union ... See more keywords
Fiscal policy in a monetary union: comparing different features of Next Generation EU
Sign Up to like & getrecommendations! Published in 2025 at "Macroeconomic Dynamics"
DOI: 10.1017/s1365100525000343
Abstract: Abstract We build a two-country DSGE model of a monetary union to compare systematically the economic impact of a fiscal stimulus according to different features: domestic or European, public investment or public consumption, unfunded (thanks… read more here.
Keywords: monetary union; fiscal policy; union comparing; different features ... See more keywords
Failing forward in Economic and Monetary Union: explaining weak Eurozone financial support mechanisms
Sign Up to like & getrecommendations! Published in 2021 at "Journal of European Public Policy"
DOI: 10.1080/13501763.2021.1954060
Abstract: ABSTRACT In this article, we apply the ‘failing forward’ approach to analyse the negotiations on and design of reforms to Eurozone economic governance to tackle the Covid-19-related crisis of Economic and Monetary Union (EMU). This… read more here.
Keywords: failing forward; support mechanisms; financial support; monetary union ... See more keywords
Monetary union effects on high inflation episodes
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DOI: 10.1111/ecca.12564
Abstract: This paper analyses whether monetary union membership reduces the duration of high inflation episodes (HIEs). The study uses survival models estimated on a sample of 190 countries over the period 1950M01 to 2022M12. The results… read more here.
Keywords: monetary union; inflation episodes; inflation; union effects ... See more keywords
Tax Competition, Fiscal Policy, and Public Debt Levels in a Monetary Union
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Economic Integration"
DOI: 10.11130/jei.2020.35.3.353
Abstract: We study the link between tax competition, efficiency of available fiscal bases and public indebtedness levels in the member countries of a monetary union. Theoretically, labor taxation would be the most efficient way to collect… read more here.
Keywords: tax; monetary union; public debt; taxation ... See more keywords
Macroeconomic Sovereignty in the European Economic and Monetary Union: A Republican Approach
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DOI: 10.1177/00323217241286784
Abstract: The Economic and Monetary Union has fundamentally changed how fiscal and monetary powers are exercised over democratic publics which raise the question of whether a normative vision of macroeconomic sovereignty is compatible with membership within… read more here.
Keywords: monetary union; european economic; sovereignty european; macroeconomic sovereignty ... See more keywords
Monetary Integration Across West Africa: Is the Region Ripe for a Monetary Union?
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DOI: 10.1177/21582440241242958
Abstract: This study investigates the possibility of forming a monetary union across West Africa. This was achieved by employing the structural VAR framework. Data on real GDP, inflation, and exchange rate were used to represent supply,… read more here.
Keywords: west african; region ripe; monetary union; ripe monetary ... See more keywords