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Dudley, William C. - Federal Reserve Bank of New York - 2012

Remarks at the National Association for Business Economics Annual Meeting, New York City.

Persistent link: https://www.econbiz.de/10010724979

The political economy under monetary union: has the euro made a difference?

Fratzscher, Marcel; Stracca, Livio - European Central Bank - 2008

Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much … political economy channel of EMU as the monetary union implies that member states had to transfer or at least curtail their … impact of political shocks on the domestic economy of member states but magnified the transmission of political shocks within …

Persistent link: https://www.econbiz.de/10005530784

What are the spill-overs from fiscal shocks in Europe? An empirical analysis

Giuliodori, Massimo; Beetsma, Roel - European Central Bank - 2004

We use a Vector Auto Regression (VAR) analysis to explore the (spill-over) effects of fiscal policy shocks in Europe. To enhance comparability with the existing literature, we first analyse the effects of these shocks at the national level. Here, we employ identification based on Choleski...

Persistent link: https://www.econbiz.de/10005530834

The advantage of flexible targeting rules

Ferrero, Andrea - Federal Reserve Bank of New York - 2008

This paper investigates the consequences of debt stabilization for inflation targeting. If the monetary authority perfectly stabilizes inflation while the fiscal authority holds constant the real value of debt at maturity, the equilibrium dynamics might be indeterminate. However, determinacy can...

Persistent link: https://www.econbiz.de/10005420654