Vogel, Lukas, (2015), “Stabilisation and rebalancing with fiscal or monetary devaluation: a model-based comparison”, Discussion Paper No. 22, European Commission publications, Δεκέμβριος
This paper takes a theoretical look at the extent to which fiscal devaluation policies, such as shifting the tax burden from labour to consumption, can achieve the same benefits as nominal exchange rate depreciation.
Σχετικές Αναρτήσεις
- Delbecque, B., (2013), “Proposal for a Stabilisation Fund for the EMU”, Centre for European Policy Studies, Working Paper No.385, 14 Οκτωβρίου.
- Decressin, Jörg, Loungani, Prakash, (2015), “EZ internal devaluations: Evidence on negative demand spillovers”, Voxeu, 2 Δεκεμβρίου.