Fiscal policy within a common currency area – growth implications in the light of neoclassical theory
We examine the long-run impact of fiscal policy on economic growth under the conditions of an economic and monetary union (EMU). The analysis is based on the neoclassical growth model of a small (in economic terms) open economy in an EMU. The core assumptions are perfect capital mobility, which resu...
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| Format: | Article |
| Language: | English |
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University of Finance and Management, Warsaw; Vistula University
2013-10-01
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| Series: | Contemporary Economics |
| Online Access: | http://ce.vizja.pl/en/download-pdf/id/287 |