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Browsing ADEMU Working Papers Series by Subject "Optimal fiscal policy"

Browsing ADEMU Working Papers Series by Subject "Optimal fiscal policy"

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  • Dmitriev, Mikhail; Hoddenbagh, Jonathan (2018-04)
    We derive the optimal fiscal transfer scheme for countries in a monetary union to off-set the welfare losses resulting from asymmetric shocks and nominal rigidities. Optimal transfers involve a trade-off between reducing ...

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