| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP2602
|
| DP2602 Labour Market Interactions Between Legal and Illegal Immigrants |
| Gil S Epstein
|
| 发表日期 | 2000-11-28
|
| 出版年 | 2000
|
| 语种 | 英语
|
| 摘要 | Does a monetary union need fiscal shock absorbers helping the participating countries to cope with
asymmetric shocks? The consensus in the debate over EMU argues that the answer is yes. In this paper,
we revisit the issue, building on a dynamic, general equilibrium framework of regions in a monetary union
exposed to asymmetric shocks. We show that inter-regional taxes and transfers can stabilize regional
employment or consumption, but not both. The welfare effects of such a stabilization are, however,
ambiguous. In contrast to a popular argument in the EMU debate, inter-regional taxes and transfers do not
reduce the incentives for goods and labour market deregulation in the regions, provided that the degree of
trade integration among the regions is large. There is, however, reason to coordinate regional reform policies
to avoid adverse effects on the aggregate performance of the union. |
| 主题 | International Macroeconomics
|
| 关键词 | Regional employment stabilization
Monetary union
Regional insurance
|
| URL | https://cepr.org/publications/dp2602
|
| 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/531669
|
推荐引用方式
GB/T 7714 |
Gil S Epstein. DP2602 Labour Market Interactions Between Legal and Illegal Immigrants. 2000.
|
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