OECD Economics Department Working Papers

Fiscal Devaluation – Can it Help to Boost Competitiveness?

DOI:https://dx.doi.org/10.1787/5k3z2dckn2bw-en

The recent crisis has revealed large differences in external competitiveness between euro area member countries. Since nominal exchange rate devaluation is not an option for members of a currency area, governments in troubled member countries have been considering so-called fiscal devaluation,...



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