While the theoretical structure of the product life cycle approach is the same as in the traditional doctrine of international trade, based on the hypothesis of full employment of factors, its empirical application is useful in explaining the composition of exports from the countries of Central...

The fiscal contraction undertaken in Ireland in the late 80’s has received attention in the literature since it was followed by an expansion of aggregate demand and production. This has been considered an effect of the expectations of a lower future tax burden, which boosted private...

In this paper we analyze the issue of cooperation among national fiscal authorities in a monetary union within the framework of their strategic interactions with the common monetary authority. We find that: a) in the lack of cooperation with the central bank, cooperation among fiscal authorities...