Abstract:
Fiscal devaluation, Monetary unions, Euro Area, Southern Europe, Fiscal policy, Fiscal reforms, Value added taxes, General equilibrium models, currency union, current account, consumption, gdp, exchange, trade balance, goods, competitiveness, income, economy, prices, revenue, elasticity, open economy, utility, exports, wages, demand, imperfect competition, utility function, benchmark, net exports, central bank, consumer price index, elasticity of substitution, bonds, taxation, credit, risk premium, sticky wages, consumer price indices, price indexes, autoregression, costs, debt, interest, interest rate, marginal costs, macroeconomics, budget constraints, free trade, expectations, elasticity
