Pregled bibliografske jedinice broj: 995535
Fiscal devaluation and real exchange rates in the Euro area: Some econometric insights
Fiscal devaluation and real exchange rates in the Euro area: Some econometric insights // Review of International Economics, 27 (2019), 2; 694-710 doi:10.1111/roie.12393 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 995535 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Fiscal devaluation and real exchange rates in the Euro area: Some econometric insights
Autori
Tkalec, Marina ; Vizek, Maruška ; Vukšić, Goran
Izvornik
Review of International Economics (0965-7576) 27
(2019), 2;
694-710
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
taxation ; real exchange rates ; fiscal devaluation ; euro area
Sažetak
We explore whether a fiscal devaluation, that is, a reduction in employers’ social security contributions and an increase in value added tax, affects two indicators of bilateral real exchange rates in the euro area: one based on unit labor costs, and another based on consumer prices. We find that, in the short term, cuts in employers’ contributions depreciate real exchange rates based on unit labor costs, while value added tax hikes appreciate real exchange rates based on consumer prices. In the long run, a value added tax increase also appreciates the real exchange rates based on unit labor costs.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
HRZZ-IP-2014-09-7017 - Kanali i učinkovitost fiskalnih devalvacija (FIDE) (Vukšić, Goran, HRZZ ) ( CroRIS)
Ustanove:
Ekonomski institut, Zagreb,
Institut za javne financije, Zagreb
Citiraj ovu publikaciju:
Časopis indeksira:
- Current Contents Connect (CCC)
- Web of Science Core Collection (WoSCC)
- Social Science Citation Index (SSCI)
- SCI-EXP, SSCI i/ili A&HCI
- Scopus
- EconLit
