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To Purgatory and Beyond: When and How Should the Accession Countries from Central and Eastern Europe Become Full Members of EMU?

Buiter, Willem H. - C.E.P.R. Discussion Papers - 2004

membership. It should also be sufficient. 3) Convergence, prior to the adoption of the euro, of an EMU candidate’s inflation rate … to its euro area equilibrium inflation rate is helpful but not essential. 4) Real convergence is irrelevant for EMU … fiscal sustainability (and preferably also inflation convergence), the EMU candidate should be given a firm date and …

Persistent link: https://www.econbiz.de/10005666853

Should We Worry About the Fiscal Numerology of Maastricht?

Buiter, Willem H. - C.E.P.R. Discussion Papers - 1992

fiscal convergence criteria written into the Treaty of Maastricht and its Protocols. In order to qualify for full membership …

Persistent link: https://www.econbiz.de/10005123517

Capital Mobility, Fiscal Policy and Growth Under Self-Financing of Human Capital Formation

Buiter, Willem H.; Kletzer, Kenneth - C.E.P.R. Discussion Papers - 1995

This paper considers the effects of fiscal and financial policy on economic growth in open and closed economies, when human capital formation by young households is constrained by the illiquidity of human wealth. Both endogenous and exogenous growth versions of the basic OLG model are analysed....

Persistent link: https://www.econbiz.de/10005497940

Monetary Misconceptions: New and Old Paradigmata and Other Sad Tales

Buiter, Willem H. - C.E.P.R. Discussion Papers - 2000

Several recent studies imply that the response of national saving to fiscal policy is non-monotonic. In this paper, we use two data sets to search for the circumstances in which such non-monotonic responses arise: one refers to a sample of OECD countries, as in previous studies, and one to a...

Persistent link: https://www.econbiz.de/10005124252

The Limits to Fiscal Stimulus

Buiter, Willem H. - C.E.P.R. Discussion Papers - 2009

The paper considers the case for an internationally coordinated further fiscal stimulus during the second half of 2009. Although this makes some of the analysis period-specific, most of the issues and principles considered are timeless. For a fiscal stimulus to be both effective there must be...

Persistent link: https://www.econbiz.de/10008557012

Reversing unconventional monetary policy : technical and political considerations

Buiter, Willem H. - 2009

Persistent link: https://www.econbiz.de/10003931305

How robust is the new conventional wisdom? : The surprising fragility of the theoretical foundations of inflation targeting and central bank independence

Buiter, Willem H. - 2006

Persistent link: https://www.econbiz.de/10003367045

Deflation : prevention and cure

Buiter, Willem H. - 2003

Persistent link: https://www.econbiz.de/10001757029

Central banks as fiscal players : the drivers of fiscal and monetary policy space

Buiter, Willem H. - 2021

It is well known that the balance sheets of most major central banks significantly expanded in the aftermath of the financial crisis of 2007-2011, but the consequences of this expansion are not well understood. This book develops a unified framework to explain how and why central bank balance...

Persistent link: https://www.econbiz.de/10013272434

Central banks as fiscal players : the drivers of fiscal and monetary policy space

Buiter, Willem H. - 2021

Persistent link: https://www.econbiz.de/10012298881