Conference Agenda
Overview and details of the sessions of this conference.
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Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:39:41am WEST
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D15: Macroeconomic Policy in Open and Transforming Economies Location: Room 118 (Francesinhas 1) | |
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Fiscal Devaluation, Innovation, And Household Welfare In An Open Economy Chinese Academy of Fiscal Sciences, China, People's Republic of Fiscal devaluation has often been the focus of policy discussion within the eurozone as it provides a means by which southern European countries can regain competitiveness. It takes the form of a subsidy on labour, financed by taxing consumption. This paper discusses the effects of fiscal devaluation on the main macroeconomic variables in a two-country model with monopolistic competition, innovation, endogenous entry, and endogenous tradability. I found that trade balance can only be improved in a highly competitive market, but fiscal devaluation also causes utility to decrease in the country that implements it. Fiscal devaluation can be a prosper-thy-neighbor policy, regardless of the market structures and the productivity level of the economies. Comparing fiscal devaluation with more targeted subsidies, I find that only subsidizing labour in the innovation sector can lead to similar outcomes, while only subsidizing producing labour may cause a decrease in consumption and utility.
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