This paper analyses the impact of trade openness on inflation in a strategic framework characterized by monopolistic production in the domestic sector and unionized labour markets. By stressing the interplay between internal and external sources of economic distortion, we show that the economy's...

This paper analyses the impact of trade openness on inflation in a strategic framework characterized by monopolistic production in the domestic sector and unionized labour markets. By stressing the interplay between internal and external sources of economic distortion, we show that the economy's...

This paper investigates the macroeconomic implications of different regimes of international fiscal coordination and monetary-fiscal cooperation in a monetary union with independent fiscal authorities that act strategically vis a vis a common central bank. In the presence of other policy goals...