De Resende, Carlos (contributor); Rebei, Nooman (contributor) - 2008
dominance in both Mexico and South Korea, but almost no fiscal dominance in Canada and the U.S. The country-specific estimates …-state to evaluate the welfare costs of fiscal dominance. Results suggest significant welfare losses for countries with high … degrees of fiscal dominance. -- Economic models ; Fiscal policy ; Inflation: costs and benefits ; Monetary policy framework …