EconPapers    
Economics at your fingertips  
 

Structural reforms and budget deficits in a monetary union: a strategic approach

Juan Cristobal Campoy and Juan Negrete

UMUFAE Economics Working Papers from DIGITUM. Universidad de Murcia

Abstract: This paper explores the interrelations between budget deficits and structural reforms in a monetary union. The analysis considers the international spillovers generated by both policies. We show that efforts to achieve fiscal policy coordination within the Eurozone reduce member countries’ incentives to carry out much-needed structural reforms. As a consequence, this cooperation can turn out to be welfare-reducting if it not extended to the implementation of structural reforms.

Keywords: Structural reforms; Budget deficits; Externalities; Coordination (search for similar items in EconPapers)
JEL-codes: D12 R23 (search for similar items in EconPapers)
Pages: 31
Date: 2009-09
New Economics Papers: this item is included in nep-cse
References: Add references at CitEc
Citations:

Downloads: (external link)
http://digitum.um.es/xmlui/bitstream/10201/5504/1/ ... 09.08.pdf?sequence=1 (application/pdf)

Related works:
Journal Article: Structural Reforms and Budget Deficits in a Monetary Union: A Strategic Approach (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mur:wpaper:5504

Access Statistics for this paper

More papers in UMUFAE Economics Working Papers from DIGITUM. Universidad de Murcia Contact information at EDIRC.
Bibliographic data for series maintained by Francisco Monreal López (digitum@um.es).

 
Page updated 2024-12-28
Handle: RePEc:mur:wpaper:5504