Financial integration and fiscal policy in interdependent two-sector economies with real and nominal wage rigidity
نویسندگان
چکیده
منابع مشابه
Financial integration, nominal rigidity, and monetary policy
Article history: Received 8 August 2011 Received in revised form 23 May 2012 Accepted 31 May 2012 Available online 13 June 2012 This paper shows that financial integration may reduce welfare in the presence of nominal price rigidity. From a policy perspective, the model implies that developing countries that are experiencing financial integration may attempt to alleviate the welfare cost of int...
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ژورنال
عنوان ژورنال: European Journal of Political Economy
سال: 1993
ISSN: 0176-2680
DOI: 10.1016/0176-2680(93)90019-q