Browsing RSCAS Working Papers by Subject "D78"

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Browsing RSCAS Working Papers by Subject "D78"

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    Title: A Volatility-based Theory of Fiscal Union Formation  Author(s): LUQUE, Jaime; MORELLI, Massimo; TAVARES, José Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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    Title: Monetary Politics in a Monetary Union: A Note on Common Agency with Rational Expectations  Author(s): RUTA, Michele Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: Is the politicisation of monetary policy in a currency union desirable? This paper shows that in a setting where political influence by national governments is modeled as a common agency game with rational expectations, ...