Budget redistribution between regions ( %) |
||||||
USA | Canada | U. K. | Germany | France | Italy | |
Sachs and Sala-i-Martin (1991) | 38 | |||||
von Hagen (1991) | 30 40 | |||||
Goodhart and Smith (1993) | 15 | 13 24 | 21 | |||
Masson and Taylor (1993) | ||||||
Pisani-Ferry et al. (1993) | ||||||
Bayoumi and Masson (1995) | 21,9 | 39,2 | ||||
Asdrubali et al. (1996) | ||||||
Obstfeld and Peri (1998) | 19 | 53 | 8 | |||
Mélitz and Zumer (1998) | 15,8 | 17,7 | 26 | 38 | ||
Fatás (1998) | ||||||
Decressin (1999) | 30-35 | |||||
Budget stabilization between regions ( %) |
||||||
USA | Canada | U. K. | Germany | France | Italy | |
Sachs and Sala-i-Martin (1991) | ||||||
von Hagen (1991) | 9 10 | |||||
Goodhart and Smith (1993) | 13 | 12 24 | 21 34 | |||
Masson and Taylor (1993) | 24 | |||||
Pisani-Ferry et al. (1993) | 17 | 33 42 | 37 | |||
Bayoumi and Masson (1995) | 30,2 | 17,4 | ||||
Asdrubali et al. (1996) | 13 | |||||
Obstfeld and Peri (1998) | 10 | 13 | 3 | |||
Mélitz and Zumer (1998) | 20,3 | 14,4 | 21 | 19,4 | ||
Fatás (1998) | 11,1 | 13,3 | 10 | 6,2 | ||
Decressin (1999) | 20-30 |