Please use this identifier to cite or link to this item:
https://www.um.edu.mt/library/oar/handle/123456789/32160
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Oros, Cornel | - |
dc.date.accessioned | 2018-07-24T18:26:12Z | - |
dc.date.available | 2018-07-24T18:26:12Z | - |
dc.date.issued | 2009 | - |
dc.identifier.citation | Oros, C. (2009). Economic governance in an asymmetric monetary union : a fiscal policy game analysis . European Research Studies Journal, 12(3), 39-60. | en_GB |
dc.identifier.issn | 11082976 | - |
dc.identifier.uri | https://www.um.edu.mt/library/oar//handle/123456789/32160 | - |
dc.description.abstract | Given a Monetary Union which is heterogeneous at the level of labour market flexibility, this paper studies the relative effectiveness of two fiscal policy games, i.e. Nash equilibrium and fiscal coordination in terms of macroeconomic stabilization. We will use a static Keynesian model within a closed Monetary Union and prove that the stabilization effectiveness depends mainly on the type and origin of the economic shocks affecting the Union members. Our results also point out that neither of the fiscal configurations succeeds in optimizing the macroeconomic stabilization of both the demand and supply shocks simultaneously for all the Union members. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | University of Piraeus. International Strategic Management Association | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Economic policy | en_GB |
dc.subject | Fiscal policy | en_GB |
dc.subject | Economic stabilization | en_GB |
dc.title | Economic governance in an asymmetric monetary union : a fiscal policy game analysis | en_GB |
dc.type | article | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
dc.publication.title | European Research Studies Journal | en_GB |
Appears in Collections: | European Research Studies Journal, Volume 12, Issue 3 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Economic_governance_in_an_asymmetric_monetary_union_a_fiscal_policy_game_analysis_2009.pdf | 165.03 kB | Adobe PDF | View/Open |
Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.