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This paper evaluates the Stability and Growth Pact. After examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice for so-called soft law and drawing inferences from characteristics of successful fiscal rules at the...
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We review studies on monetary transmission in the EU countries using the VAR approach and analyse why they often lead … to divergent outcomes. Firstly, we estimate 43 VAR models across ten EU countries and compare the robustness of the …
Persistent link: https://www.econbiz.de/10002521453
We review studies on monetary transmission in the EU countries using the VAR approach and analyse why they often lead … to divergent outcomes. Firstly, we estimate 43 VAR models across ten EU countries and compare the robustness of the …
Persistent link: https://www.econbiz.de/10002521661
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