Narrow search
Showing 1 - 10 of 4,037
Cover Image
Fiscal divergence and current account imbalances in Europe
Schnabl, Gunther; Wollmershäuser, Timo - 2013
Since the breakdown of the Bretton Woods System diverging current account positions in Europe have prevailed. While the Southern and Western European countries have tended to run current account deficits, the current accounts of the Central and Northern European countries, in particular Germany,...
Persistent link: https://www.econbiz.de/10010291505
Cover Image
Macroeconomic stabilization policies in the EMU : spillovers, asymmetries, and institutions
Di Bartolomeo, Giovanni; Engwerda, Jacob; Plasmans, Joseph - 2005
game approach of the endogenous coalition formation literature. The specific policy recommendations in the EMU context …
Persistent link: https://www.econbiz.de/10010261121
Cover Image
Fiscal and monetary interaction : the role of asymmetries of the stability and growth pact in EMU
Governatori, Matteo; Eijffinger, Sylvester C. W. - 2004
policy, where the main features characterising the policy-making are similar to those in EMU. National governments choose the …
Persistent link: https://www.econbiz.de/10010272870
Cover Image
Has the EMU reduced wage growth and unemployment? Testing a model of trade union behaviour
Mikosch, Heiner; Sturm, Jan-Egbert - 2011
(EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary …. Although we come up with some weak evidence for increased business cycle amplitudes within the EMU, we neither find a … significant general effect of the EMU on wage growth nor on unemployment. …
Persistent link: https://www.econbiz.de/10010274904
Cover Image
What do we really know about fiscal sustainability in the EU?: a panel data diagnostic
Afonso, António; Rault, Christophe - 2008
We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also apply modern panel cointegration techniques developed by...
Persistent link: https://www.econbiz.de/10010264310
Cover Image
Pushing the limit? : fiscal policy in the European Monetary Union
Daniel, Betty Carolyn; Shiamptanis, Christos - In: Journal of economic dynamics & control 37 (2013) 11, pp. 2307-2321
Persistent link: https://www.econbiz.de/10010196884
Cover Image
How Do Monetary and Fiscal Policy Interact in the European Monetary Union?
Canzoneri, Matthew B. - 2012
Formation of the Euro area raises new questions about the coordination of monetary and fiscal policy. Using a New Neoclassical Synthesis (NNS) model, we show that a common monetary policy, responding to area-wide aggregates, has asymmetric effects on countries within the union, depending on...
Persistent link: https://www.econbiz.de/10013100660
Cover Image
The Euro Area Periphery Sovereigns' Fiscal Positions and Unconventional Monetary Policy
Hülsewig, Oliver - 2020
We explore the reaction of the euro area periphery sovereigns' fiscal positions to an unconventional monetary policy shock. We estimate panel vector autoregressive (VAR) models over the period 2010-2018, and identify the shock by imposing sign restrictions. Our results suggest that the...
Persistent link: https://www.econbiz.de/10012843420
Cover Image
The Ecb's Fiscal Policy
Sinn, Hans-Werner - 2018
While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and moved into fiscal territory. This text describes and summarizes the crucial role played by the ECB in the intervention spiral resulting from its bid to manage the crisis. It also...
Persistent link: https://www.econbiz.de/10012918640
Cover Image
Emu : Ready, or Not?
Obstfeld, Maurice - 2021
and monetary union (EMU), as well as on some key problems of Stage Three that EMU's monetary and fiscal structures appear … joint currency. A third problems, one that is central for EMU and to any currency union, lies behind the difficulty of the … consider the past and prospective fiscal adjustments of the EMU 11, and suggest these might pose future difficulties for …
Persistent link: https://www.econbiz.de/10013235280