This work examines the political economy of exchange-rate policies in the eastward expansion of the eurozone. Analysis shows that prospective members of the EMU are likely to pass on some costs of convergence to the current EMU members. The mechanism is an altered exchange-rate policy that...

Introduction: The Issue of Structure and Transformation -- The Input-Output Model - A Studie of the Interindustry Structure -- The Outlook of the Sovereign Planner: The Linear Activity Model -- The Planner and the Market: The Takayama Judge Activity Model -- Appendix: The Reformulation of the...

This book gives a comprehensive description of macroeconometric modeling and its development over time. The first part depicts the history of macroeconometric model building, starting with Jan Tinbergen's and Lawrence R. Klein's contributions. It is unique in summarizing the development and...