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In explaining the uneven spatial distribution of economic activity, urban economics and new economic geography (NEG) dominate recent research in economics. A main difference between these two approaches is that NEG stresses the role of spatial linkages whereas urban economics does not do so. We...
Persistent link: https://www.econbiz.de/10003850511
Persistent link: https://www.econbiz.de/10003498831
This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...
Persistent link: https://www.econbiz.de/10011509484
structural model parameters for the NUTS II EU regions. These estimations enable us to come up with an empirically grounded free …-ness of trade parameter. In line with NEG theory, the estimation results show that a spatial wage structure exists for the EU … EU. Agglomeration forces appear to be rather localized. At the same time, confronting our empirical results with the …
Persistent link: https://www.econbiz.de/10003202725