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dc.contributor.authorMenguy, Séverineen
dc.date.accessioned2012-08-15-
dc.date.accessioned2012-08-16T17:21:30Z-
dc.date.available2012-08-16T17:21:30Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/60490-
dc.description.abstractThe paper analyzes the usefulness of budgetary cooperation in a monetary union, even if it is limited to a subgroup of countries with close structural characteristics. The author finds that its advantages depend on the nature of the shocks and on the width of the heterogeneities within the monetary union. Budgetary cooperation between countries where the sensitivities of economic activity to public expenditures and to foreign economic activity are sufficiently high, is beneficial to stabilize symmetric demand shocks. It is beneficial to stabilize symmetric supply shocks if it concerns a sufficiently large number of countries. On the contrary, budgetary cooperation is generally detrimental to stabilize asymmetric demand or supply shocks.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aEconomics Discussion Papers |x2012-38en
dc.subject.jelE61en
dc.subject.jelE63en
dc.subject.jelF41en
dc.subject.jelF42en
dc.subject.ddc330en
dc.subject.keywordeconomic stabilizationen
dc.subject.keywordmonetary unionen
dc.subject.keywordbudgetary cooperationen
dc.subject.keyworddemand shocksen
dc.subject.keywordsupply shocksen
dc.subject.keywordstructural heterogeneityen
dc.titleStructural heterogeneity and partial budgetary cooperation in a monetary union-
dc.typeWorking Paperen
dc.identifier.ppn721243193en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifwedp:201238en

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