Baglioni, Angelo; Boitani, Andrea; Bordignon, Massimo - Dipartimenti e Istituti di Scienze Economiche, … - 2014
symmetric shocks, the federal ?scal policy can improve welfare over national policies by playing a coordinating role. With … asymmet- ric shocks, the federal ?scal policy allows both countries to reach a higher productive e¢ ciency; to do that, the …