Fiscal Devaluation in a Monetary Union /

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...

Fuld beskrivelse

Bibliografiske detaljer
Hovedforfatter:	Engler, Philipp
Andre forfattere:	Ganelli, Giovanni, Tervala, Juha, Voigts, Simon
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2014.
Serier:	IMF Working Papers; Working Paper ; No. 2014/201
Online adgang:	Full text available on IMF

Lignende værker

Fiscal Devaluation and Fiscal Consolidation : The VAT in Troubled Times /
af: Keen, Michael
Udgivet: (2012)

Demanding Devaluation
af: Steinberg

Fiscal Policy Coordination in the Waemu After the Devaluation /
af: Rosenberg, Christoph
Udgivet: (1995)

Devaluation and Monetary Policy in Developing Countries : A General Equilibrium Model for Economies Facing Financial Constraints.
Udgivet: (1987)

External Devaluations : Are Small States Different? /
af: Acevedo Mejia, Sebastian
Udgivet: (2015)

Dynamics of Devaluation and "Equivalent" Fiscal Policies for a Small Open Economy.
Udgivet: (1989)

Fiscal Policy Independence in a European Monetary Union.
Udgivet: (1990)

Financial Stability and Fiscal Crises in a Monetary Union /
af: Jahjah, Samir
Udgivet: (2001)

Money Demand and Regional Monetary Policy in the West African Economic and Monetary Union /
af: Rother, Philipp
Udgivet: (1998)

Exchange Restrictions and Devaluation Crises /
af: Agenor, Pierre-Richard
Udgivet: (1990)

Aftermath of the CFA Franc Devaluation /
af: Cosse, Stephane
Udgivet: (1996)

Expected Devaluation and Economic Fundamentals /
af: Thomas, Alun
Udgivet: (1993)

Contractionary Devaluation in Developing Countries : An Analytic Overview.
Udgivet: (1988)

Market-Based Fiscal Discipline in Monetary Unions : Evidence From the U.S. Municipal Bond Market /
af: Goldstein, Morris
Udgivet: (1991)

Devaluation Expectations and the Stock Market : The Case of Mexico in 1994/95 /
af: Becker, Torbjorn
Udgivet: (2000)

Price and Volume Effects of a Devaluation in Developing Countries /
af: Kouwenaar, Arend
Udgivet: (1991)

Devaluation and Competitiveness in a Small Open Economy : Ireland 1987-1993 /
af: Bartolini, Leonardo
Udgivet: (1993)

Monetary Union in West Africa : An Agency of Restraint for Fiscal Policies? /
af: Pattillo, Catherine
Udgivet: (2001)

The Effects of the European Economic and Monetary Union (EMU)on National Fiscal Sustainability /
af: Mongelli, Francesco
Udgivet: (1996)

Devaluation, Relative Prices, and International Trade : Evidence From Developing Countries /
af: Reinhart, Carmen
Udgivet: (1994)

Designing a European Fiscal Union : Lessons from the Experiences of Fiscal Federations.
Udgivet: (2014)

Toward A Fiscal Union for the Euro Area /
af: Allard, Celine
Udgivet: (2013)

Inflation, Debt, and Default in a Monetary Union /
af: Jahjah, Samir
Udgivet: (2000)

The Great Lockdown : International Risk Sharing Through Trade and Policy Coordination /
af: Engler, Philipp
Udgivet: (2020)

The GCC Monetary Union : Some Considerations for the Exchange Rate Regime /
af: Guerami, Behrouz
Udgivet: (2003)

Reforming Fiscal Governance in the European Union /
af: Andrle, Michal
Udgivet: (2015)

Ten Years After the CFA Franc Devaluation : Progress Toward Regional Integration in the WAEMU /
af: van den Boogaerde, P.
Udgivet: (2005)

Coordination of Monetary and Fiscal Policies.
Udgivet: (1998)

Precautionary Monetary and Fiscal Policies /
af: Berkmen, Pelin
Udgivet: (2007)

The Fiscal Effects of Monetary Policy /
af: Dahan, Momi
Udgivet: (1998)

Deciding to Enter a Monetary Union : TheRole of Trade and Financial Linkages /
af: Lama, Ruy
Udgivet: (2012)

Monetary Union in West Africa (ECOWAS) /
af: Pattillo, Catherine
Udgivet: (2001)

Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries.
Udgivet: (1989)

Monetary Policy in an Emerging European Economic and Monetary Union : Key Issues /
af: Frenkel, Jacob
Udgivet: (1990)

Market Regulation, Cycles and Growth in a Monetary Union /
af: Abbritti, Mirko
Udgivet: (2019)

Fiscal Sustainability and Monetary Versus Fiscal Dominance : Evidence From Brazil, 1991-2000 /
af: Tanner, Evan
Udgivet: (2002)

West African Economic and Monetary Union : Selected Issues.
Udgivet: (2015)

West African Economic and Monetary Union : Selected Issues.
Udgivet: (2022)

West African Economic and Monetary Union : Selected Issues.
Udgivet: (2021)

Numerical Fiscal Rules for Economic Unions : the Role of Sovereign Spreads /
af: Hatchondo, Juan Carlos
Udgivet: (2021)