Arbeitspapier
Labor Mobility and Fiscal Policy in a Currency Union
Labor mobility is commonly taken as a property of an optimal currency area. But how does that property affect the outcome of fiscal policies? In our model, we show that perfect (costless) labour mobility is not necessarily welfare improving, since it prevents the national fiscal authorities from pursuing independent policies, opening the way to a coordination prob-lem. With symmetric shocks, the federal fiscal policy can improve welfare by playing a coordinating role. With asymmetric shocks, the federal policy allows both countries to reach a higher productive efficiency, provided the federal government is endowed with a federal budget.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 5159
- Klassifikation
-
Wirtschaft
Fiscal Policy
Intergovernmental Relations; Federalism; Secession
- Thema
-
currency union
labor mobility
fiscal policy
federation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Baglioni, Angelo
Boitani, Andrea
Bordignon, Massimo
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Baglioni, Angelo
- Boitani, Andrea
- Bordignon, Massimo
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2015
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