Similar Search Results

Designing Institutions for International Monetary Policy Coordination

Padilla, Atilano Jorge - C.E.P.R. Discussion Papers - 1995

In this paper we study the adjustment of a N-country world economy to an unfavourable common supply shock. We show that world-wide monetary policy coordination is essential to achieve an optimal adjustment to the common shock, but that its actual implementation requires careful design to ensure...

Persistent link: https://www.econbiz.de/10005792400

Issue Linkage, Credible Delegation, and Policy Cooperation

Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2001

This Paper, a thorough revision of Spagnolo (1996), addresses the following questions: What is the optimal design for a set of self-enforcing international policy agreements? How many and which issues should each agreement regulate? Are GATT’s constraints on issue linkage (cross-retaliation)...

Persistent link: https://www.econbiz.de/10005504790

Two Naked Emperors? Concerns about the Stability and Growth Pact and Second Thoughts About Central Bank Independence

Buiter, Willem H. - C.E.P.R. Discussion Papers - 2003

This 2003 Institute for Fiscal Studies Lecture addresses two sets of issues relevant to current and prospective future E(M)U members: the consequences of the Stability and Growth Pact for fiscal-financial sustainability and macroeconomic stability, and some risks associated with operational...

Persistent link: https://www.econbiz.de/10005662197

Patching up the Pact: some Suggestions for Enhancing Fiscal Sustainability and Macroeconomic Stability in an Enlarged European Union

Buiter, Willem H.; Grafe, Clemens - C.E.P.R. Discussion Papers - 2002

The paper considers the implications for the EU accession candidates of Central and Eastern Europe of the fiscal-financial constraints imposed by the Stability and Growth Pact and the Maastricht Treaty. Our findings apply also to those current EU members whose initial conditions (e.g....

Persistent link: https://www.econbiz.de/10005792378

Designing Fiscal and Monetary Institutions for a European Monetary Union

Beetsma, Roel; Bovenberg, A Lans - C.E.P.R. Discussion Papers - 1995

This paper explores under what conditions a European Monetary Union (EMU) is an optimum currency area. The scope for an EMU increases with convergence of structural and fiscal policies, small money holdings, a conservative European Central Bank, and dependent national central banks. How national...

Persistent link: https://www.econbiz.de/10005792461

The Optimality of a Monetary Union Without a Fiscal Union

Beetsma, Roel; Bovenberg, A Lans - C.E.P.R. Discussion Papers - 1998

The paper explores the case for monetary and fiscal unification. Monetary policy suffers from an inflation bias because the monetary authorities are not able to commit. With international risk-sharing in a fiscal union, fiscal discipline suffers from moral hazard. An inflation target alleviates...

Persistent link: https://www.econbiz.de/10005123736

Political Influence in a New Anti-Dumping Regime: Evidence from Mexico

Francois, Joseph; Niels, Gunnar - C.E.P.R. Discussion Papers - 2004

We examine the role of political factors in Mexico’s anti-dumping regime, considering both the characteristics of …

Persistent link: https://www.econbiz.de/10005667123

Environmental Impacts of a North American Free Trade Agreement

Grossman, Gene; Krueger, Alan B - C.E.P.R. Discussion Papers - 1992

evidence to assess the relative magnitudes of these three effects as they apply to further trade liberalization in Mexico. We … study the determinants of the industry pattern of US imports from Mexico and of value added by Mexico's maquiladora sector … effect of a North American Free Trade Agreement (NAFTA) on pollution in Mexico. …

Persistent link: https://www.econbiz.de/10005791657

Who Determines Mexican Trade Policy?

de Melo, Jaime; Grether, Jean-Marie; Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 1999

the period of trade policy reforms between 1985 and 1989 when Mexico experiences both an important inflow of foreign …

Persistent link: https://www.econbiz.de/10005114397

Legal Institutions and Economic Development

Beck, Thorsten - C.E.P.R. Discussion Papers - 2010

Legal institutions are critical for the development of market-based economies. This paper defines legal institutions and discusses different indicators to measure their quality and efficiency. It surveys a large historical and empirical literature showing the importance of legal institutions in...

Persistent link: https://www.econbiz.de/10008784706

1
2
3
4
5
6
7
8
9
10
Next
Last