Fiscal policies coordination in a Monetary Union model
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Title
Fiscal policies coordination in a Monetary Union modelAuthor (s)
Tutor/Supervisor; University.Department
García-Gallego, Aurora; Universitat Jaume I. Departament d'EconomiaDate
2017-06-13Publisher
Universitat Jaume IAbstract
This dissertation examines the way in which the member countries of a monetary union respond to specific shocks and those coming from the rest of the world, when the public deficit is the only policy instrument. We ... [+]
This dissertation examines the way in which the member countries of a monetary union respond to specific shocks and those coming from the rest of the world, when the public deficit is the only policy instrument. We have developed a model of three countries that show different preferences regarding their objective and suffering asymmetric perturbations. Analysing how optimally coordinated fiscal policies differ from non-cooperative policies, we have obtained five stages of cooperation among countries. Finally, we have discussed the welfare aspects of the optimal solution and to what extent a common fiscal policy may influence the structure and evolution of the monetary union. [-]
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Description
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2016/2017
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This item appears in the folowing collection(s)
- Grau en Economia [292]