Fiscal Devaluation in a Monetary Union

Fiscal Devaluation in a Monetary Union

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Using a DSGE model calibrated to the euro area, we analyze the international effects of a fiscal devaluation (FD) implemented as a revenue-neutral shift from em

Monetary Unions and Hard Pegs

Monetary Unions and Hard Pegs

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Financial services with global reach are becoming ever more important in the conduct and organization of the trade and investment of nations, and currencies tha