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de Haan, Jakob; Berger, Helge; Jansen, David-Jan - 2003

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...

Persistent link: https://www.econbiz.de/10010306526

The End of the Stability and Growth Pact?

de Haan, Jakob; Berger, Helge; Jansen, David-Jan - 2003

Persistent link: https://www.econbiz.de/10010315860

Final report: monetary and fiscal policy

Zukrowska, Katarzyna; Sobczak, Dominik; Marzo, Massimiliano - 2003

This report reflects on recent trends in fiscal and monetary policies at the onset of EU-enlargement. Particularly, the authors focus on necessary adjustment processes for future EU-members. How to smooth best the transition period between normal EU-accession and eventual participation in the...

Persistent link: https://www.econbiz.de/10010266838

Fiscal and monetary interaction : the role of asymmetries of the stability and growth pact in EMU

Governatori, Matteo; Eijffinger, Sylvester C. W. - 2004

policy, where the main features characterising the policy-making are similar to those in EMU. National governments choose the …

Persistent link: https://www.econbiz.de/10010272870

Fiscal and monetary policy in Belgium, France, Germany, Luxembourg, and The Netherlands

Fahrholz, Christian; Mohl, Philipp - 2003

(part II) of Benelux, France and Germany (EMU-5) covering the period of 1997-2004. The fiscal policy part concentrates on … monetary policy affairs, the heterogeneity of EMU-5 members is surveyed. The brief analysis of two main aspects of the monetary …

Persistent link: https://www.econbiz.de/10010331064

Analysis of Fiscal Rules in the European Monetary Union

Šehović, Damir - In: Journal of Central Banking Theory and Practice 4 (2015) 1, pp. 19-33

The EMU fiscal system is specific in many areas compared to other classic fiscal systems of national states. Specific … features mainly reflect in the implementation of economic policy within the EMU which is carried out by combining a common … internal market. Finally, the third segment refers to the fiscal policy coordination of the EMU member states related to …

Persistent link: https://www.econbiz.de/10012217803

Staying together or breaking apart: Policy-makers' endogenous coalitions formation in the European Economic and Monetary Union

Di Bartolomeo, Giovanni; Engwerda, Jacob; Plasmans, Joseph - 2002

In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic …

Persistent link: https://www.econbiz.de/10011335731

Macroeconomic stabilization policies in the EMU : spillovers, asymmetries, and institutions

Di Bartolomeo, Giovanni; Engwerda, Jacob; Plasmans, Joseph - 2005

game approach of the endogenous coalition formation literature. The specific policy recommendations in the EMU context …

Persistent link: https://www.econbiz.de/10010261121

Strategic interactions between fiscal and monetary authorities in a multi-country new-Keynesian model of a monetary union

Michalak, Tomasz; Engwerda, Jacob; Plasmans, Joseph - 2009

In this paper we consider a number of key issues related to the policy coordination in a monetary union that has been recently discussed in the literature. To this end we propose a multi-country New-Keynesian model of a monetary union cast in the framework of linear quadratic differential games....

Persistent link: https://www.econbiz.de/10010264547

Bad for Euroland, worse for Germany: the ECB's record

Bibow, Jörg - 2005

This paper assesses the contribution of the European Central Bank (ECB) to Germany's ongoing economic crisis, a vicious circle of decline in which the country has become stuck since the early 1990s. It is argued that the ECB continues the Bundesbank tradition of asymmetric policymaking: the bank...

Persistent link: https://www.econbiz.de/10010266550

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