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Dmitriev et al., 2019 - Google Patents

Optimal fiscal transfers in a monetary union

Dmitriev et al., 2019

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Document ID
17353567865887360764
Author
Dmitriev M
Hoddenbagh J
Publication year
Publication venue
Journal of International Economics

External Links

Snippet

We derive the optimal fiscal transfer scheme for countries in a monetary union to offset the welfare losses resulting from asymmetric shocks and nominal rigidities. Optimal transfers involve a tradeoff between reducing national output gaps and the provision of consumption …
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