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2016-02-22Buch DOI: 10.18452/4618
Budget-neutral fiscal rulestargetinginflation differentials
dc.contributor.authorBrede, Maren
dc.date.accessioned2017-06-16T01:22:46Z
dc.date.available2017-06-16T01:22:46Z
dc.date.created2017-02-02
dc.date.issued2016-02-22
dc.date.submitted2016-02-22
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5270
dc.description.abstractIn light of persistent in ation dispersion and rising debt levels in the EMU, this paper investigates the welfare implications of budget-neutral fiscal policies that counteract in ation differentials. In a two-country DSGE model of a monetary union with traded and non-traded goods a national fiscal authority is able to reduce welfare losses arising from asymmetric shocks by following a Taylor-type rule for consumption taxes while using labour income taxes to balance its budget. Under technology and government spending shocks welfare losses can be reduced by up to 15%.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectmonetary unioneng
dc.subjectInflation differentialseng
dc.subjectfiscal policyeng
dc.subjectbalanced-budget policyeng
dc.subject.ddc310 Statistik
dc.subject.ddc330 Wirtschaft
dc.titleBudget-neutral fiscal rulestargetinginflation differentials
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100243390
dc.identifier.doihttp://dx.doi.org/10.18452/4618
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages27
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2016
local.edoc.container-issue7
local.edoc.container-year2016
local.edoc.container-erstkatid2195055-6

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