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Fiscal and monetary policy in the enlarged European Union

Pogorelec, Sabina - 2006

I build a quantitative two-country DSGE model of the European Union (EU) and investigate whether there are welfare gains from fiscal policy cooperation between the new EU members and the euro area (EMU). Fiscal cooperation is defined in terms of joint maximization of the weighted average of...

Persistent link: https://www.econbiz.de/10011604701