Strategic Interactions on Structural Reforms Between Integrated Economies: What Lessons for the EU?

We show that the domestic output increases with a foreign country's structural reform and decreases with foreign country’s fiscal policy. Hence, when governments act non-cooperatively, they implement too low structural reforms and too much fiscal policies.

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Year of publication:	2004
Authors:	Lehmann, Etienne ; Taugourdeau, Emmanuelle
Published in:	Journal of Economic Integration. - Department of Economics and Trade. - Vol. 19.2004, p. 46-52
Publisher:	Department of Economics and Trade
Subject:	Coordination failures \| Aggregate supply \| Aggregate demand \| Structural reforms

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Type of publication:	Article
Classification:	E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; F42 - International Policy Coordination and Transmission ; H87 - International Fiscal Issues
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009366254