Article ID Journal Published Year Pages File Type
7349254 Economics Letters 2018 4 Pages PDF
Abstract
We analyze fiscal devaluation in a three-country model. The introduction of the third country, outside a monetary union, increases the expansionary effect of fiscal devaluation and the second country of the monetary union experiences a boom instead of a recession.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Third country effects of fiscal devaluations
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