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A simple post-crisis EMU Phillips Curve : implications for monetary policy
Hennecke, Peter - In: Intereconomics : review of European economic policy 53 (2018) 6, pp. 333-336
The persistently low wage and price growth in the EMU after the Great Recession of 2009 led some economic observers to … EMU member states after the Great Recession to investigate whether these claims are corroborated by empirical evidence …. The results point to the conclusion that the Phillips Curve is alive and well in the EMU and centred at or only slightly …
Persistent link: https://www.econbiz.de/10011987417
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The trilemma of a monetary union : another impossible trinity
Beck, Hanno; Prinz, Aloys - In: Intereconomics : review of European economic policy 47 (2012) 1, pp. 39-43
Persistent link: https://www.econbiz.de/10009490521
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The trilemma of a monetary union : another impossible trinity
Beck, Hanno; Prinz, Aloys - In: Intereconomics : review of European economic policy 47 (2012) 1, pp. 39-43
three concurrently will ultimately end in failure. In order to save EMU, one of these three must be abandoned. …
Persistent link: https://www.econbiz.de/10009686816
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Policy rules in the economic and monetary union
Herzog, Bodo; Choi, Minjae - In: Intereconomics : review of European economic policy 52 (2017) 1, pp. 51-56
Persistent link: https://www.econbiz.de/10011594080
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Unravelling the roots of the EMU crisis : structural divides, uneven recoveries and possible ways out
Celi, Giuseppe; Guarascio, Dario; Simonazzi, Annamaria - In: Intereconomics : review of European economic policy 54 (2019) 1, pp. 23-30
The process of European integration can be described as the increasing interdependence between economies at different levels of development and with different productive capabilities. It evolved from a pre-eminently political project to a ‘de-politicised’ management based on the automatism...
Persistent link: https://www.econbiz.de/10011987558
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Convergence and divergence in the EU : lessons from Italy
Eichengreen, Barry - In: Intereconomics : review of European economic policy 54 (2019) 1, pp. 31-34
The topic of the Intereconomics/CEPS conference for which this paper was written was framed as a question: convergence or divergence in the EU? I am prepared to give an unambiguous answer. That answer is yes.
Persistent link: https://www.econbiz.de/10011987560
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Mr. Sarkozy and the EMU
Hefeker, Carsten - In: Intereconomics : review of European economic policy 42 (2007) 4, pp. 178-179
Persistent link: https://www.econbiz.de/10003513654
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Monetary financing in the euro area : a free lunch?
Tober, Silke - In: Intereconomics : review of European economic policy 50 (2015) 4, pp. 214-220
Two recent proposals for overcoming the euro area crisis make the case for monetary financing of the public sector. Watt proposes that the ECB finances public investment directly, while Pâris and Wyplosz contend that public debt may be effectively restructured by burying parts of it in the...
Persistent link: https://www.econbiz.de/10011311717
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Fiscal divergence, current account divergence and TARGET2 imbalances in the EMU
Abad, José M.; Löffler, Axel; Schnabl, Gunther; … - In: Intereconomics : review of European economic policy 48 (2013) 1, pp. 51-58
intra-EMU current account imbalances has been postponed by a rising divergence of TARGET2 balances, as the repatriation of …
Persistent link: https://www.econbiz.de/10009704974
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A new framework for fiscal policy consolidation in Europe
Bofinger, Peter; Ried, Stefan - In: Intereconomics : review of European economic policy 45 (2010) 4, pp. 203-211
Current developments in Greece make clear that the rules of the European Stability and Growth Pact (SGP) were neither strict enough nor enforced strictly enough. To deal with the ongoing exit from the fiscal crisis and its related phenomena, we propose a new framework for fiscal policy...
Persistent link: https://www.econbiz.de/10009663836