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Browsing RSCAS Working Papers by Subject "Autarky"
Now showing items 1-1 of 1
Title:A Volatility-based Theory of Fiscal Union Formation
Author(s):LUQUE, Jaime; MORELLI, Massimo; TAVARES, JoséDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:In a setting where heterogeneous jurisdictions share a common policy, an increase in volatility breaks unanimous support for the status-quo and may prompt a subset of jurisdictions to favor either deepening the agreement ...