Arbeitspapier
European Integration and Employment: A New Role for Active Fiscal Policies?
This paper theoretically investigates the impact of European integration on employment by developing a new-keynesian model where fiscal policy effectively reduces firms? market power. Stronger product market competition is shown to reduce the marginal ability of governments to improve employment through public consumption. As competition crowds out fiscal spending, the positive impact of markets integration on employment is weakened. Moreover, in a context where national goods? demand becomes ?global?, the marginal benefit for each national fiscal authority of increasing public consumption is lower than the marginal benefit for the community. This result stresses one source of coordination failure within the EMU.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 497
- Klassifikation
-
Wirtschaft
Labor Contracts
International Policy Coordination and Transmission
International Economic Order and Integration
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- Thema
-
product market integration
fiscal policy
coordination
equilibrium unemployment
Finanzpolitik
Internationale wirtschaftspolitische Koordination
Europäische Wirtschafts- und Währungsunion
Beschäftigungseffekt
Effizienzlohn
Unvollkommener Wettbewerb
Ungleichgewichtstheorie
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gatti, Donatella
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gatti, Donatella
- Institute for the Study of Labor (IZA)
Entstanden
- 2002
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