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There was monetary autonomy in Europe on the eve of EMU? The German dominance hypothesis reexamined
(1999)
Documento de trabajo / Lan gaiak,
In this paper we re-examine the German dominance hypothesis, as a way to assess whether the loss of monetary autonomy in Europe associated with EMU had been significant. We use Granger-causality tests between the interest ...
Fiscal policy and growth revisited: the case of the Spanish regions
(1999)
Documento de trabajo / Lan gaiak,
This paper presents an assessment of the effects of fiscal policy on economic growth. Starting from a theoretical model in which only those fiscal policy instruments presumed to strictly influence the production process ...