We examine the relations between monetary and fiscal policies in the process of macroeconomic stabilization. Our model suggests that each policy maker prefers to be the second mover in a "Stackelberg" situation, i.e. where one policy makers precommits its policy choice. At the same time, both...

The paper examines the interactions between economic integration and population agglomeration in a middle product economy displaying neoclassical growth. There are two vertically integrated economies. Each consists of a large number of final good competitive firms operating plants in both...

The Paper examines the interactions between economic integration and population agglomeration in a middle product economy displaying neoclassical growth. There are two vertically-integrated economies. Each consists of a large number of final good competitive firms operating plants in both...