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The Euro and Structural Reforms
Alesina, Alberto F. - 2010
This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of...
Persistent link: https://www.econbiz.de/10012758159
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Regional Nonadjustment and Fiscal Policy : Lessons for Emu
Obstfeld, Maurice; Peri, Giovanni - 2021
How will countries handle idiosyncratic national macroeconomic shocks under the European single currency? The ways in which European countries now react to internally asymmetric shocks provide a better forecast than do the regional response pattern of the United States. In this paper we compare...
Persistent link: https://www.econbiz.de/10013249688
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Growth, Reform Indicators and Policy Complementaries
Braga de Macedo, Jorge - 2007
estimates, the level of reforms and changes in their complementarity are found to be positively related to output growth …
Persistent link: https://www.econbiz.de/10012778303
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Stochastic Growth in the United States and Euro Area
Ireland, Peter N. - 2011
This paper estimates, using data from the United States and Euro Area, a two-country stochastic growth model in which …
Persistent link: https://www.econbiz.de/10013131508
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Business Cycles in the Euro Area
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2021
per-capita GDP growth since 1999 has been lower than what could have been predicted on the basis of historical experience …
Persistent link: https://www.econbiz.de/10013212911
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The Ups and Downs of Turkish Growth, 2002-2015 : Political Dynamics, the European Union and the Institutional Slide
Acemoglu, Daron - 2015
We document a change in the character and quality of Turkish economic growth with a turning point around 2007 and link … this change to the reversal in the nature of economic institutions, which underwent a series of growth-enhancing reforms …-paced and lower-quality growth Turkey has been experiencing since about 2007 …
Persistent link: https://www.econbiz.de/10013014300
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Re-Evaluating Swedish Membership in Emu : Evidence from an Estimated Model
Söderström, Ulf - 2021
inflation and GDP growth might have been slightly higher if Sweden had been a member of EMU since the launch in 1999, but also … that GDP growth might have been more volatile. The evidence is therefore not conclusive about whether or not participation …
Persistent link: https://www.econbiz.de/10013243957
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Monetary-Fiscal Interactions and the Euro Area's Malaise
Jarocinski, Marek - 2017
When monetary and fiscal policy are conducted as in the euro area, output, inflation, and government bond default premia are indeterminate according to a standard general equilibrium model with sticky prices extended to include defaultable public debt. With sunspots, the model mimics the recent...
Persistent link: https://www.econbiz.de/10012948448
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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 …
Persistent link: https://www.econbiz.de/10013135396
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Eurosystem Monetary Targeting : Lessons from U.S. Data
Rudebusch, Glenn D. - 2010
framework, there is thus no support for the prominent role given to money growth in the Eurosystem's monetary policy strategy …
Persistent link: https://www.econbiz.de/10013137167