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Structural Distortions and Decentralized Fiscal Policies in EMU
discretionary monetary policy wagerigidity,decentralized fi scal policy monetary union infl ation targets debt targets
2011/8/21
The combination of discretionary monetary policy, labor-market distortions, and nominal wage rigidity yields excessive inflation as monetary policy tries to exploit nominal wage contracts to address l...
Regional Economic Geography with Externalities, Congestion, and Fiscal Policies in a Small-Open Growth Economy
Small-Open Interregional Economy Regional Fiscal Policies Capital Accumulation Endogenous Amenity Public Goods
2013/3/5
This paper develops a two-regional growth model with amenity, capital accumulation and regional public goods with public goods and fiscal policies. The economy consists of two regions and each region ...
Monetary and Fiscal Policies in Bulgaria: Lessons from the Historical Record
monetary and fiscal policy inflation exchange rate
2014/6/24
There are two aspects through which an economic policy can influence the econom icsituation –monetary and fiscal. Monetary and fiscal policies have different and sometimes controversial goals to ...