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...
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| Інші автори: | , , |
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2014.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2014/201 |
| Онлайн доступ: | Full text available on IMF |