Now showing items 1-2 of 2
On the insurance function of fiscal policy in a monetary union
(2000) Documento de trabajo / Lan gaiak,
In this paper we first review the available literature on the degree of insurance against shocks, provided by the central budget in the federal systems already existing. Next, we discuss the main points raised on the debate ...
A general framework for the macroeconomic analysis of monetary unions
(2001) Documento de trabajo / Lan gaiak,
The objective of this paper is to develop a general framework for the macroeconomic modelling of monetary unions, which could be useful for policy analysis, as well as for teaching purposes. Our starting point will be the ...