In an economy with wage‐setting unions where the government has gains from redistribution, we analyse the incentive of incumbent politicians to implement monetary discipline (e.g. by joining a monetary union) against the adoption of fiscal reforms, or deregulation in product markets. We show...

Chapter 1. From Pandemics to the Unconventional Monetary Policy in EMs: The Case of Croatia -- Chapter 2. Financial Cycle Convergence: Evidence on Financial Cycles Synchronisation in the European Union and the European Economic and Monetary Union -- Chapter 3. Fiscal Response to the COVID-19...

The article analyzes Mexico under globalization, particularly on the free mobility of capital. It argues that globalization has detrimentally impacted the productive and external sectors, causing the economy to become excessively reliant on volatile capital inflows from abroad. The Mexican...