| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1374 |
| DP1374 The Costs/Benefits of a Common Monetary Policy in France and Germany and Possible Lessons for Monetary Union | |
| Jacques MELITZ; Axel A. Weber | |
| 发表日期 | 1996-04-30 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | We explore the incentives for governments to cooperate by expanding expenditure. We model three countries, of which two are in a monetary union (the EU). The labour markets of both EU countries are unionized, and there is involuntary unemployment. We use a general model of bargaining, and explore in some detail the intra- and inter-country effects of changes in bargaining power. We then examine optimal government expenditure in each EU country. We find that there is a positive spillover, and that expenditures are strategic complements. The coordinated equilibrium involves higher expenditure than the uncoordinated equilibrium. |
| 关键词 | Fiscal policy Imperfect competition Open economy macroeconomics |
| URL | https://cepr.org/publications/dp1374 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530516 |
| 推荐引用方式 GB/T 7714 | Jacques MELITZ,Axel A. Weber. DP1374 The Costs/Benefits of a Common Monetary Policy in France and Germany and Possible Lessons for Monetary Union. 1996. |
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