Labour market asymmetries and shock absorption in a monetary union: are government coalitions effective?
Given a monetary Union which is heterogeneous at the level of labour market flexibility, this paper investigates the effects in terms of macroeconomic stabilization of the different degrees of fiscal coordination between governments. We use a static Keynesian model within a closed monetary Union and...
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| Format: | Article |
| Language: | English |
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Economists' Association of Vojvodina
2008-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2008/1452-595X0803325O.pdf |