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Fiscal Devaluation in a Monetary Union

Fiscal Devaluation in a Monetary Union »

Source: Fiscal Devaluation in a Monetary Union

Volume/Issue: 2014/201

Series: IMF Working Papers

Author(s): Philipp Engler , Giovanni Ganelli , Juha Tervala , and Simon Voigts

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2014

ISBN: 9781484312131

Keywords: currency union, devaluation, consumption, gdp, exchange, trade balance, Open Economy Macroeconomics,

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 employer's social contributions to the Value Added Tax....

Fiscal Devaluation in a Monetary Union

Fiscal Devaluation in a Monetary Union »

Volume/Issue: 2014/201

Series: IMF Working Papers

Author(s): Philipp Engler , Giovanni Ganelli , Juha Tervala , and Simon Voigts

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2014

DOI: http://dx.doi.org/10.5089/9781484312131.001

ISBN: 9781484312131

Keywords: currency union, devaluation, consumption, gdp, exchange, trade balance, Open Economy Macroeconomics,

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 employer's social contributions to the Value Added Tax....