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dc.contributor.authorGatti, Donatellaen
dc.date.accessioned2009-01-28T16:22:27Z-
dc.date.available2009-01-28T16:22:27Z-
dc.date.issued2002-
dc.identifier.urihttp://hdl.handle.net/10419/21443-
dc.description.abstractThis 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 marginalbenefit for the community. This result stresses one source of coordination failure within the EMU.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x497en
dc.subject.jelJ41en
dc.subject.jelF42en
dc.subject.jelF02en
dc.subject.jelE24en
dc.subject.ddc330en
dc.subject.keywordproduct market integrationen
dc.subject.keywordfiscal policyen
dc.subject.keywordcoordinationen
dc.subject.keywordequilibrium unemploymenten
dc.subject.stwFinanzpolitiken
dc.subject.stwInternationale wirtschaftspolitische Koordinationen
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen
dc.subject.stwBeschäftigungseffekten
dc.subject.stwEffizienzlohnen
dc.subject.stwUnvollkommener Wettbewerben
dc.subject.stwUngleichgewichtstheorieen
dc.subject.stwTheorieen
dc.titleEuropean Integration and Employment: A New Role for Active Fiscal Policies?-
dc.typeWorking Paperen
dc.identifier.ppn845568078en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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