This book addresses the macroeconomic implications of a country's transition to a monetary union. By using a dynamic multi-country simulation model, it is possible to pinpoint a monetary union, and repercussions produced by fiscal retrenchment policies. Interest and exchange rate effects could...

This dissertation is a collection of four articles focused on the seeking of rents, which are rewards and prizes not earned or not consistent with competitive market returns. Each article explores a different aspect of the topic, focusing on the consequences, determinants or measurement of...