G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4635
DP4635 Trade Liberalization with Heterogenous Firms
Richard Baldwin; Rikard Forslid
发表日期2004-09-23
出版年2004
语种英语
摘要The Paper builds a simplified model describing the economy of a currency union with decentralized national fiscal policy, where the main features characterizing the policy-making are similar to those in EMU. National governments choose the size of deficit taking into account the two main rules of the Stability and Growth Pact on public finance. Unlike previous literature the asymmetric working of those rules is explicitly modeled in order to identify its impact on the Nash equilibrium of deficits arising from a game of strategic interaction between fiscal authorities in the union.
主题International Macroeconomics
关键词Stability and growth pact Emu Asymmetric fiscal rules Decentralized fiscal policy
URLhttps://cepr.org/publications/dp4635
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/533555
推荐引用方式
GB/T 7714
Richard Baldwin,Rikard Forslid. DP4635 Trade Liberalization with Heterogenous Firms. 2004.
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