skip to content
Fiscal devaluation in a monetary union Preview this item
ClosePreview this item
Checking...

Fiscal devaluation in a monetary union

Author: Philipp Engler; International Monetary Fund. Asia and Pacific Department.
Publisher: [Washington, D.C.] : International Monetary Fund, ©2014.
Series: IMF working paper, WP/14/201.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
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. We find that a FD in 'Southern European countries' has a strong positive effect on output, but mild effects on the trade balance and the real exchange rate. Since the benefits of a FD are small relative to  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Philipp Engler; International Monetary Fund. Asia and Pacific Department.
ISBN: 9781498365567 1498365566
OCLC Number: 894372864
Notes: "October 2014."
"Asia and Pacific Department."
Description: 1 online resource (33 pages) : illustrations.
Series Title: IMF working paper, WP/14/201.
Responsibility: prepared by Philipp Engler [and others].

Abstract:

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. We find that a FD in 'Southern European countries' has a strong positive effect on output, but mild effects on the trade balance and the real exchange rate. Since the benefits of a FD are small relative to the divergence in competitiveness, it is best addressed through structural reforms--Abstract.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/894372864> # Fiscal devaluation in a monetary union
    a schema:CreativeWork, schema:MediaObject, schema:Book ;
    library:oclcnum "894372864" ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/2500849728#Place/washington_d_c> ; # Washington, D.C.
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/dcu> ;
    rdfs:comment "Unknown 'gen' value: igp" ;
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Topic/value_added_tax_europe_southern_econometric_models> ; # Value-added tax--Europe, Southern--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Topic/fiscal_policy_europe_southern_econometric_models> ; # Fiscal policy--Europe, Southern--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Topic/fiscal_policy_european_union_countries_econometric_models> ; # Fiscal policy--European Union countries--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Topic/monetary_unions_european_union_countries> ; # Monetary unions--European Union countries
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Topic/fiscal_policy_econometric_models> ; # Fiscal policy--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Place/europe_southern> ; # Europe, Southern.
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Topic/value_added_tax_european_union_countries_econometric_models> ; # Value-added tax--European Union countries--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Topic/computable_general_equilibrium_models> ; # Computable general equilibrium models
    schema:about <http://dewey.info/class/332.4/> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Topic/balance_of_payments_europe_southern_econometric_models> ; # Balance of payments--Europe, Southern--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Topic/value_added_tax_econometric_models> ; # Value-added tax--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Topic/balance_of_payments_european_union_countries_econometric_models> ; # Balance of payments--European Union countries--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Place/europe_european_union_countries> ; # Europe--European Union countries.
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Topic/balance_of_payments_econometric_models> ; # Balance of payments--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/2500849728#Topic/monetary_unions> ; # Monetary unions
    schema:bookFormat schema:EBook ;
    schema:contributor <http://experiment.worldcat.org/entity/work/data/2500849728#Person/engler_philipp> ; # Philipp Engler
    schema:contributor <http://experiment.worldcat.org/entity/work/data/2500849728#Organization/international_monetary_fund_asia_and_pacific_department> ; # International Monetary Fund. Asia and Pacific Department.
    schema:copyrightYear "2014" ;
    schema:datePublished "2014" ;
    schema:description "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. We find that a FD in 'Southern European countries' has a strong positive effect on output, but mild effects on the trade balance and the real exchange rate. Since the benefits of a FD are small relative to the divergence in competitiveness, it is best addressed through structural reforms--Abstract."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/2500849728> ;
    schema:genre "Electronic books"@en ;
    schema:genre "Government publication"@en ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/2500849728#Series/imf_working_paper> ; # IMF working paper ;
    schema:name "Fiscal devaluation in a monetary union"@en ;
    schema:productID "894372864" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/894372864#PublicationEvent/washington_d_c_international_monetary_fund_2014> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/2500849728#Agent/international_monetary_fund> ; # International Monetary Fund
    schema:url <http://www.imf.org/external/pubs/cat/longres.aspx?sk=42434.0> ;
    schema:url <http://site.ebrary.com/id/11001053> ;
    schema:url <http://ebookcentral.proquest.com/lib/ucm/detail.action?docID=1899713> ;
    schema:url <http://www.myilibrary.com?id=682304> ;
    schema:url <http://proxy.library.carleton.ca/login?url=http://elibrary.imf.org/view/IMF001/22123-9781484312131/22123-9781484312131/22123-9781484312131.xml> ;
    schema:url <http://public.eblib.com/choice/publicfullrecord.aspx?p=1899713> ;
    schema:workExample <http://worldcat.org/isbn/9781498365567> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/894372864> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/2500849728#Agent/international_monetary_fund> # International Monetary Fund
    a bgn:Agent ;
    schema:name "International Monetary Fund" ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Organization/international_monetary_fund_asia_and_pacific_department> # International Monetary Fund. Asia and Pacific Department.
    a schema:Organization ;
    schema:name "International Monetary Fund. Asia and Pacific Department." ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Person/engler_philipp> # Philipp Engler
    a schema:Person ;
    schema:familyName "Engler" ;
    schema:givenName "Philipp" ;
    schema:name "Philipp Engler" ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Place/europe_european_union_countries> # Europe--European Union countries.
    a schema:Place ;
    schema:name "Europe--European Union countries." ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Place/europe_southern> # Europe, Southern.
    a schema:Place ;
    schema:name "Europe, Southern." ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Place/washington_d_c> # Washington, D.C.
    a schema:Place ;
    schema:name "Washington, D.C." ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Series/imf_working_paper> # IMF working paper ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/894372864> ; # Fiscal devaluation in a monetary union
    schema:name "IMF working paper ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Topic/balance_of_payments_econometric_models> # Balance of payments--Econometric models
    a schema:Intangible ;
    schema:name "Balance of payments--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Topic/balance_of_payments_europe_southern_econometric_models> # Balance of payments--Europe, Southern--Econometric models
    a schema:Intangible ;
    schema:name "Balance of payments--Europe, Southern--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Topic/balance_of_payments_european_union_countries_econometric_models> # Balance of payments--European Union countries--Econometric models
    a schema:Intangible ;
    schema:name "Balance of payments--European Union countries--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Topic/computable_general_equilibrium_models> # Computable general equilibrium models
    a schema:Intangible ;
    schema:name "Computable general equilibrium models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Topic/fiscal_policy_econometric_models> # Fiscal policy--Econometric models
    a schema:Intangible ;
    schema:name "Fiscal policy--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Topic/fiscal_policy_europe_southern_econometric_models> # Fiscal policy--Europe, Southern--Econometric models
    a schema:Intangible ;
    schema:name "Fiscal policy--Europe, Southern--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Topic/fiscal_policy_european_union_countries_econometric_models> # Fiscal policy--European Union countries--Econometric models
    a schema:Intangible ;
    schema:name "Fiscal policy--European Union countries--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Topic/monetary_unions_european_union_countries> # Monetary unions--European Union countries
    a schema:Intangible ;
    schema:name "Monetary unions--European Union countries"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Topic/value_added_tax_econometric_models> # Value-added tax--Econometric models
    a schema:Intangible ;
    schema:name "Value-added tax--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Topic/value_added_tax_europe_southern_econometric_models> # Value-added tax--Europe, Southern--Econometric models
    a schema:Intangible ;
    schema:name "Value-added tax--Europe, Southern--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/2500849728#Topic/value_added_tax_european_union_countries_econometric_models> # Value-added tax--European Union countries--Econometric models
    a schema:Intangible ;
    schema:name "Value-added tax--European Union countries--Econometric models"@en ;
    .

<http://worldcat.org/isbn/9781498365567>
    a schema:ProductModel ;
    schema:isbn "1498365566" ;
    schema:isbn "9781498365567" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.