Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10003776595
Persistent link: https://www.econbiz.de/10003796420
Persistent link: https://www.econbiz.de/10011377538
Persistent link: https://www.econbiz.de/10010378580
Persistent link: https://www.econbiz.de/10009671969
We quantify the effects of competitive tax reforms within a two-country monetary union model with endogenous entry and endogenous tradability. As expected, their effects on out-put, consumption, hours worked and the terms of trade are positive. Extensive margins provide additional transmission...
Persistent link: https://www.econbiz.de/10012963068
We show that welfare can be lower under complete financial markets than under autarky in a monetary union with home bias, sticky prices and asymmetric shocks. Such a monetary union is a second-best environment in which the structure of financial markets affects risk-sharing but also shapes the...
Persistent link: https://www.econbiz.de/10013061243
Persistent link: https://www.econbiz.de/10010188793
Persistent link: https://www.econbiz.de/10009779715
Persistent link: https://www.econbiz.de/10011812043