Journal article | Zeitschriftenartikel
Endogenous Growth and European Fiscal Rules
We develop a general equilibrium endogenous growth model of a monetary union between two countries that differ in economic dimension and level of development. By solving transitional dynamics towards the steady state, we examine the impact of fiscal shocks that may lead to excessive deficits. Results suggest that the individual and the whole impact of such deficits depend on which country they occur. In such context, we argue that the small and less developed country should be allowed to temporarily run an excessive deficit, in order to improve economic convergence within the union.
- ISSN
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1466-4283
- Extent
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Seite(n): 849-858
- Language
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Englisch
- Notes
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Status: Postprint; begutachtet (peer reviewed)
- Bibliographic citation
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Applied Economics, 41(7)
- Subject
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Wirtschaft
Öffentliche Finanzen und Finanzwissenschaft
Wirtschaftspolitik
Volkswirtschaftstheorie
- Event
-
Geistige Schöpfung
- (who)
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Afonso, Oscar Joao
Alves, Rui Henrique
- Event
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Veröffentlichung
- (when)
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2009
- DOI
- URN
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urn:nbn:de:0168-ssoar-242091
- Rights
-
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Last update
-
21.06.2024, 4:27 PM CEST
Data provider
This object is provided by:
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GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
Object type
- Zeitschriftenartikel
Associated
- Afonso, Oscar Joao
- Alves, Rui Henrique
Time of origin
- 2009
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