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An Estimated DSGE Model of Austria, the Euro Area and the U.S. : Some Welfare Implications of EMU
Breuss, Fritz; Fornero, Jorge - 2009
. The model captures the most salient features of Austria as a small open economy, the Euro Area (EA) and the United States …, whereas in the latter, the monetary policy of Austria is fully aligned with the European Central Bank. Main results are … that in the pre-EMU period, the EA and Austria present welfare costs close to one percent of steady-state consumption …
Persistent link: https://www.econbiz.de/10011373510
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An Estimated DSGE Model of Austria, the Euro Area and the U.S.: Some Welfare Implications of EMU
Breuss, Fritz; Fornero, Jorge A. - 2009
. The model captures the most salient features of Austria as a small open economy, the Euro Area (EA) and the United States …, whereas in the latter, the monetary policy of Austria is fully aligned with the European Central Bank. Main results are … that in the pre-EMU period, the EA and Austria present welfare costs close to one percent of steady-state consumption …
Persistent link: https://www.econbiz.de/10011345435
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An estimated DSGE model of Austria, the euro area and the US : some welfare implications of EMU
Breuss, Fritz; Fornero, Jorge A. - 2009
Persistent link: https://www.econbiz.de/10003940269
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The 'Uncovered Inflation Rate Parity' Condition in a Monetary Union
Acocella, Nicola - 2020
The uncovered interest rate parity condition lies at the heart of the "impossible trinity", stating that the three objectives of fixed exchange rates, free capital flows, and independent monetary policy cannot be pursued simultaneously. We argue that although monetary unification does indeed...
Persistent link: https://www.econbiz.de/10012851840
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The "uncovered inflation rate parity" condition in a monetary union
Acocella, Nicola; Pasimeni, Paolo - 2018
The uncovered interest rate parity condition lies at the heart of the "impossible trinity", stating that the three objectives of fixed exchange rates, free capital flows, and independent monetary policy cannot be pursued simultaneously. We argue that although monetary unification does indeed...
Persistent link: https://www.econbiz.de/10011926988
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The Quest for Stability: The Macro View
Buiter, Willem H.; Gerlach, Stefan; Kool, Clemens J.M.; … - 2010
On September 3-4, 2009 SUERF and Utrecht University School of Economicsorganized the Colloquium "The Quest for Stability" in Utrecht, the Netherlands. The papers included in this SUERF Study are based on contributions to the Colloquium.
Persistent link: https://www.econbiz.de/10011689943
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Dynamic analysis of exchange rate regimes : policy implications for emerging countries in Asia
Yoshino, Naoyuki; Kaji, Sahoko; Asonuma, Tamon - 2014
This paper discusses desirable exchange rate regimes and how countries can shift from their current regimes to these regimes over the medium term. We demonstrate the superiority of a basket-peg regime with the basket weight rule over a floating regime with the interest rate rule or the money...
Persistent link: https://www.econbiz.de/10010420010
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The macro view
Balling, Morten (ed.); Berk, Jan Marc (ed.);  … - Colloquium The Quest for Stability <2009, Utrecht>; … - 2010
On September 3-4, 2009, SUERF and Utrecht University School of Economics jointly organized the 28th SUERF Colloquium on "The Quest for Stability" in Utrecht, the Netherlands. The papers contained in this SUERF Study jointly published with DNB and Rabobank are based on contributions to this...
Persistent link: https://www.econbiz.de/10011706504
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A Simple Approach to International Monetary Policy Coordination
Benigno, Pierpaolo - 1998
This paper analyzes the strategic interaction between the monetary policies of two countries, in an intertemporal general equilibrium model with nominal rigidities and imperfect competition. It offers an excursus on non-cooperative towards cooperative solutions. All the results can be read by...
Persistent link: https://www.econbiz.de/10014224287
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The Quest for Stability: the macro view
Buiter, Willem Hendrik; Gerlach, Stefan; Kool, Clemens J.M. - SUERF - The European Money and Finance Forum
On September 3-4, 2009 SUERF and Utrecht University School of Economicsorganized the Colloquium "The Quest for Stability" in Utrecht, the Netherlands. The papers included in this SUERF Study are based on contributions to the Colloquium.
Persistent link: https://www.econbiz.de/10008544608