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Seigniorage in Europe
Grilli, Vittorio - 2021
In this paper, based on the experience of ten European countries, we study the relevance of seigniorage revenues in the recent past, and we speculate about their importance in the near future. We find that the members of the European community differ widely in the way they manage monetary...
Persistent link: https://www.econbiz.de/10013248704
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The European Central Bank : Reshaping Monetary Politics in Europe
Alesina, Alberto F.; Grilli, Vittorio - 2021
This paper studies how the creation of a European Central Bank (ECB) will change the political economy of monetary policy in Europe. The twelve governors of the national Central Banks of the EEC have recently proposed a statute for the ECB which delineates its institutional structure. In this...
Persistent link: https://www.econbiz.de/10013218911
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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 …
Persistent link: https://www.econbiz.de/10013100660
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Long-Run Determinants of Inflation Differentials in a Monetary Union
Altissimo, Filippo; Benigno, Pierpaolo; … - 2021
establishingsome stylized facts relating the regional dispersion in headline inflation rates in the euro area as well as in the main …
Persistent link: https://www.econbiz.de/10013229085
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Shocks, Structures or Monetary Policies? The Euro Area and Us after 2001
Christiano, Lawrence J. - 2008
price stability. Other factors that account for the different economic outcomes in the Euro Area and US include differences …
Persistent link: https://www.econbiz.de/10012773305
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Establishing Credibility : Evolving Perceptions of the European Central Bank
Goldberg, Linda S. - 2010
curves in the euro-area, and on the euro/dollar exchange rate, suggest that the market's perception of the policy stance of …
Persistent link: https://www.econbiz.de/10012761892
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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 …
Persistent link: https://www.econbiz.de/10012918640
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The European Central Bank : A Bank or a Monetary Policy Rule
Folkerts-Landau, David; Garber, Peter M. - 2021
A European central banking institution will be an essential feature of the final stage of the European Economic and Monetary Union. The EC Committee of Central Bank Governors has recently produced a Draft Statute of the European System of Central Banks and of the European Central Bank. The draft...
Persistent link: https://www.econbiz.de/10013222223
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Emu : Ready, or Not?
Obstfeld, Maurice - 2021
provision of lender of last resort facilities in the euro zone and the framework for supervising financial institutions. The … Growth Pact have been justified by the threat high debts might pose to the stability of the euro zone's financial markets. I …
Persistent link: https://www.econbiz.de/10013235280
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The European Union, the Euro, and Equity Market Integration
Bekaert, Geert - 2010
At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to … between member countries whether or not members have also adopted the Euro. The Euro adoption as well as the anticipation of … the Euro adoption has minimal effects on market integration …
Persistent link: https://www.econbiz.de/10013135396