Fiscal devaluation as a cure for Eurozone ills – Could it work?

De Mooij, RuudKeen, Michael.

Troubled Eurozone countries face the difficult challenge of regaining competitiveness without devaluing their currency. Could a fiscal devaluation, shifting taxes from employers to consumers, help? This column presents evidence suggesting that it could, but the devil is in the detail.

Πηγή: Voxeu

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