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Strategic Interactions on Structural Reforms Between Integrated Economies: What Lessons for the EU?
( Etienne Lehmann ),( Emmanuelle Taugourdeau ) 세종대학교 경제통합연구소 (구 세종대학교 국제경제연구소) 2004 Journal of Economic Integration Vol.19 No.1
We show that the domestic output increases with a foreign country`s structural reform and decreases with foreign country`s fiscal policy. Hence, when governments act non-cooperatively, they implement too low structural reforms and too much fiscal policies.
Strategic Interactions on structural Reforms Between Intergrated Economies: What Lessons for the EU?
Etienne Lehmann,Emmanuelle Taugourdeau 세종대학교 경제통합연구소 2004 Journal of Economic Integration Vol.19 No.1
We show that the domestic output increases with a foreign country's structural reform and decreases with foreign country’s fiscal policy. Hence, when governments act non-cooperatively, they implement too low structural reforms and too much fiscal policies. We show that the domestic output increases with a foreign country's structural reform and decreases with foreign country’s fiscal policy. Hence, when governments act non-cooperatively, they implement too low structural reforms and too much fiscal policies.