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  • Referierte Aufsätze Web of Science

    Third Country Effects of Fiscal Devaluations

    We analyze fiscal devaluation in a three-country model. The introduction of the third country, outside a monetary union, increases the expansionary effect of fiscal devaluation and the second country of the monetary union experiences a boom instead of a recession.

    In: Economics Letters 163 (2018), S. 13-16 | Philipp Engler, Sandra Pasch, Juha Tervala
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