Boscá, José E.; Doménech, Rafael; Ferri, Javier - In: Hacienda Pública Española 206 (2013) 3, pp. 27-56
We use a small open economy general equilibrium model to analyse the effects of a fiscal devaluation in an EMU country. The model has been calibrated for the Spanish economy, which is a good example of the advantages of a change in the tax mix given that its tax system shows a positive bias in...