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Remarks at the National Association for Business Economics Annual Meeting, New York City.
Persistent link: https://www.econbiz.de/10010724979
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
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
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
Persistent link: https://www.econbiz.de/10005387321
Persistent link: https://www.econbiz.de/10005387399
Remarks at Queens Chamber of Commerce and Queens Economic Development Corporation, Flushing, New York City.
Persistent link: https://www.econbiz.de/10010724943
Remarks at the Economic Club of New York, New York City.
Persistent link: https://www.econbiz.de/10010724951
Remarks before the Morris County Chamber of Commerce, Florham Park, New Jersey.
Persistent link: https://www.econbiz.de/10010724958
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724962