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Will the Euro Bring Economic Crisis to Europe?
Arestis, Philip; Sawyer, Malcolm - 2001
The initial introduction of the euro has, against many expectations, been accompanied by a decline in the value of the … euro (notably vis-à-vis the dollar and sterling). It has also been introduced at a time of high levels of unemployment … the euro, specifically from the policy and institutional arrangements within which the euro is embedded. It is the …
Persistent link: https://www.econbiz.de/10010263262
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Credibility of monetary policy in four accession countries: A Markov regime-switching approach
Arestis, Philip; Mouratidis, Kostas - 2003
Persistent link: https://www.econbiz.de/10010266465
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US stock market crashes and their aftermath: Implications for monetary policy
Mishkin, Frederic S.; White, Eugene N. - 2002
This paper examines fifteen historical episodes of stock market crashes and their aftermath in the United States over the last one hundred years. Our basic conclusion from studying these episodes is that financial instability is the key problem facing monetary policy makers and not stock market...
Persistent link: https://www.econbiz.de/10010318366
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New consensus macroeconomics: a critical appraisal
Arestis, Philip - 2009
This paper is concerned with the New Consensus Macroeconomics (NCM) in the case of an open economy. It outlines and explains briefly the main elements of and way of thinking about the macroeconomy from the standpoint of both its theoretical and its policy dimensions. There are a few problems...
Persistent link: https://www.econbiz.de/10010266458
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Inflation targeting in Brazil
Arestis, Philip; de Paula, Luiz Fernando Rodrigues; … - 2008
The purpose of this paper is to examine inflation targeting (IT) in emerging countries by concentrating essentially on the case of Brazil. The IT monetary policy regime has been adopted by a significant number of countries. While the focus of this paper is on Brazil, which began inflation...
Persistent link: https://www.econbiz.de/10010276235