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de convergence/divergence des activités de production utilise le cadre théorique sur la convergence des économies … internationales. L’hétérogénéité des comportements est mise en évidence via la vitesse de convergence. Cette dernière est mise en … convergence des contributions aux inégalités : -0.2%, 0.2% et 0.1% respectivement dans le cadre de l’UE-15, l’UE- 25 et l’UE-32 …
Persistent link: https://www.econbiz.de/10005422858
Using a two-country DSGE model, we analyze the spillover effects of fiscal policy in a monetary union. Based on a non-Walrasian labor market and a detailed fiscal sector, our analysis focuses on the relative cross-border effects of different kinds of fiscal instruments (expenditure side and...
Persistent link: https://www.econbiz.de/10011115587
In this paper, we use a two country stochastic “new open economy macroeconomics” model with sticky wages and imperfect competition where public spending and private consumption appear in a non-separable way in individual preferences. We use this setup to define optimal fiscal policy in the...
Persistent link: https://www.econbiz.de/10005570188