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I formulate a political-economy model of a fiscal union where the threat of secession imposes a limit on fiscal …
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I propose a political-economy model of optimal .scal unions where the threat of secession imposes a limit on .scal … of .scal unions depends on the nature of economic shocks. My analysis thus presents a .scal-federalism counterpart to the …
Persistent link: https://www.econbiz.de/10008699241
The gravity model of trade is utilized to assess the impact of disintegration on trade. The analysis is based on three recent disintegration episodes involving the former Soviet Union, Yugoslavia and Czechoslovakia. The results point to a very strong home bias around the time of disintegration,...
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The gravity model of trade is utilized to assess the impact of disintegration on trade. The analysis is based on three recent disintegration episodes involving the former Soviet Union, Yugoslavia and Czechoslovakia. The results point to a very strong home bias around the time of disintegration,...
Persistent link: https://www.econbiz.de/10014121702