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Stabilization Policy within a Currency Area

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  • Moutos, Thomas
  • Scarth, William M

Abstract

Beggar-my-neighbor policy problems for EEC countries are examined by considering a two-country currency area model involving real wage rigidity and a floating exchange rate with the rest of the world. Recognition of the supply-side effects of the exchange rate significantly changes earlier results. Copyright 1988 by Scottish Economic Society.

Suggested Citation

  • Moutos, Thomas & Scarth, William M, 1988. "Stabilization Policy within a Currency Area," Scottish Journal of Political Economy, Scottish Economic Society, vol. 35(4), pages 387-397, November.
    • Handle: RePEc:bla:scotjp:v:35:y:1988:i:4:p:387-97
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    Cited by:

    1. Feuerstein, Switgard, 1997. "Fiscal policy in an asymmetric exchange rate union," International Review of Economics & Finance, Elsevier, vol. 6(3), pages 239-258.

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