A carregar...
Publicação
Entry and fiscal policy effectiveness in a small open economy within a monetary union
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 250.55 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
In this article I develop an imperfectly competitive dynamic general equilibrium model for a small open economy integrated in a monetary union. Here, the type of entry in the non-traded goods’ sector affects fiscal policy effectiveness. Fiscal policy effectiveness is enlarged when aggregate demand stimuli increase intra-industrial competition (case I). This is due to the counter-cyclical mark-up mechanism generated by entry. Such a mechanism is absent in the usual monopolistic competition where entry only has a sharing effect (case II).
Descrição
Palavras-chave
Small Economy Entry Fiscal Policy Endogenous Mark-Ups
Contexto Educativo
Citação
Costa, Luís F. (2006). "Entry and fiscal policy effectiveness in a small open economy within a monetary union". Portuguese Economic Journal, Vol. 5, No. 1: pp. 45-65. (Search PDF in 2024)
Editora
Springer Verlag