Fiscal Devaluation in a Monetary Union /
Using a DSGE model calibrated to the euro area, we analyze the international effects of a fiscal devaluation (FD) implemented as a revenue-neutral shift from employer's social contributions to the Value Added Tax. We find that a FD in 'Southern European countries' has a strong positiv...
| Hlavní autor: | |
|---|---|
| Další autoři: | , , |
| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
2014.
|
| Edice: | IMF Working Papers; Working Paper ;
No. 2014/201 |
| On-line přístup: | Full text available on IMF |