Cross-border spill-overs from fiscal stimulus in a monetary union
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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
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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
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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
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
Tax Competition, Fiscal Policy, and Public Debt Levels in a Monetary Union
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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
Stabilizing Valences of an Optimum Monetary Zone in a Resilient Economy—Approaches and Limitations
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DOI: 10.3390/su9061051
Abstract: Following De Grauwe (2016), this research advances the idea according to which economies that are part of a monetary union issue debt in a medium of exchange they cannot control: financial markets develop the capacity… read more here.
Keywords: stabilizing valences; valences optimum; asymmetric shocks; monetary union ... See more keywords
Soybean and Maize Zoning in West African Economic and Monetary Union—A simulation Approach
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DOI: 10.5539/jas.v10n11p158
Abstract: The West African Economic and Monetary Union (abbreviated as UEMOA from its name in French: Union Économique et Monétaire Ouest-Africaine) is an organization of eight West African countries: Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali,… read more here.
Keywords: west african; yield; monetary union; african economic ... See more keywords