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Divergencia real en la unión monetaria: Un ejercicio de simulación

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  • LÓPEZ DÍAZ, J.

    (Universidad de Valladolid)

Abstract

El presente trabajo plantea un modelo teórico que representa la Unión Monetaria de dos países heterogéneos, diferenciados en el tamaño, el volumen de desempleo, la estructura productiva y el nivel de deuda pública, demostrándose que dentro de esta área monetaria se acentúa la divergencia real. Como solución se proponen fórmulas de reparto de la capacidad de endeudamiento alternativas. Todos los resultados son refrendados por medio de los correspondientes ejercicios de simulación. This paper contains a model that shows a Monetary Union of two heterogeneous countries. Their differences are the size, the rate of unemployment, the level of public debt and the productive structure. On the basis the previous features, this paper shows that the integration of a country in a monetary union increases the real divergence. As alternatives, we propose other criteria of fiscal discipline. All of the results are ratified with simulation exercises.

Suggested Citation

  • López Díaz, J., 1999. "Divergencia real en la unión monetaria: Un ejercicio de simulación," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 13, pages 87-100, Diciembre.
  • Handle: RePEc:lrk:eeaart:13_3_5
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    References listed on IDEAS

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    More about this item

    Keywords

    Monetary Union; fiscal discipline; real divergence;

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • F02 - International Economics - - General - - - International Economic Order and Integration

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