Please use this identifier to cite or link to this item: http://hdl.handle.net/10201/52045

Title: Structural reforms and budget deficits in a monetary union: a strategic approach
Issue Date: 16-Sep-2009
Date of creation: Sep-2009
Related subjects: CDU::3 - Ciencias sociales::33 - Economía
Keywords: Structural reforms
Budget deficits
Externalities
Coordination
Sedas (e-Archivo)
Abstract: This paper explores the interrelations between budget deficits and structural reforms in a monetary union. The analysis considers the international spillovers generated by both policies. We show that efforts to achieve fiscal policy coordination within the Eurozone reduce member countries’ incentives to carry out much-needed structural reforms. As a consequence, this cooperation can turn out to be welfare-reducting if it not extended to the implementation of structural reforms.
Primary author: Campoy Miñarro, Juan Cristóbal
Negrete Mediavilla, Juan Carlos
Faculty / Departments / Services: Departamentos y Servicios::Departamentos de la UMU::Fundamentos del Análisis Económico
Collection: WP-UMUFAE
2009.08
Published in: Proyecto de investigación:
URI: http://hdl.handle.net/10201/52045
Document type: info:eu-repo/semantics/article
Number of pages / Extensions: 31
Rights: info:eu-repo/semantics/openAccess
Appears in Collections:Informes o documentos de trabajo

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