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Persistent link: https://www.econbiz.de/10012257975
A detailed and informed analysis of the current crisis facing the eurozone, examining the root causes and exploring the …
Persistent link: https://www.econbiz.de/10012053992
This paper explores the probable consequences for public expenditure in the UK if Britain were to join the euro. It … focuses on the effects of sterling joining the euro (and the associated implications, such as monetary policy being governed … general deflationary nature of the economic policy of the eurozone (an issue we have explored elsewhere on many occasions …
Persistent link: https://www.econbiz.de/10014093106
future value of the euro is uncertain, the prospects for the eurozone will remain bleak as long as the current institutions …This paper examines the causes of the general decline in the value of the euro by assessing the various explanations … the decline in value of the euro is due to a U.S. strength - rather than to any inherent difficulties with its imposition …
Persistent link: https://www.econbiz.de/10014133899
It has been argued that the eurozone will face considerable economic difficulties. These will take a number of forms …, two of which could qualify as "crises." First, the euro was launched at a time when unemployment levels were high (10 … surround the operation of the euro, notably the objectives of the European Central Bank and the workings of the Stability and …
Persistent link: https://www.econbiz.de/10014133945
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Persistent link: https://www.econbiz.de/10001725643
This paper examines the role of output stabilization in the conduct of monetary policy. It argues that activist monetary policy in which the monetary authorities focus on output fluctuations in the setting of their policy instrument and in policy statements is likely to produce worse outcomes...
Persistent link: https://www.econbiz.de/10012469417