Showing 1 - 10 of 153
One of the challenges of the Economic and Monetary Union (EMU) is achieving a balanced sustainable expansion of … economic activity conducive to macroeconomic stability and financial sustainability of the EMU. In the paper, we evaluate the … EMU policies for their effectiveness of smoothening economic cycles in the aggregate. We discuss the pros and cons of the …
Persistent link: https://www.econbiz.de/10014593082
Summary This paper derives equilibrium real exchange rates for the EU member countries that joined in 2004 and in 2007. Our analysis is based on the natural real exchange rate approach and uses data for the period 1980-2007. We employ a two-step estimation strategy to deal with the limited...
Persistent link: https://www.econbiz.de/10014609387
current account imbalances in a gold standard system. Likewise in EMU, trade deficits and capital flight in GIPS countries …
Persistent link: https://www.econbiz.de/10014609410
Summary This paper analyzes the dynamic effects of oil price increases in a small two-country monetary union with asymmetric wage adjustment equations. Common oil price shocks lead during the adjustment process to temporary divergences in output and inflation and also to reversals in the...
Persistent link: https://www.econbiz.de/10014609438
information programme for EMU. The EC sees the system of European Information Relays as an important part of its policy on … disseminating information on Europe. This study investigated the role of the Relays in this, and informing the public on EMU in … consumption of information on EMU, mainly from mass media sources. While this study is too small to be representative, the …
Persistent link: https://www.econbiz.de/10014852958
This paper reports the results of the second stage of the Citizenship Information research project funded by the BLR&IC: a nation‐wide survey, by personal doorstep interview, of the citizenship information needs of almost 900 members of the UK public. Major findings include: that the public...
Persistent link: https://www.econbiz.de/10014854546
Union.Johansen (1988) cointegration testing procedure and error correction modelling on annual data for the period 1958 …
Persistent link: https://www.econbiz.de/10014863500
The focus of this paper is the economic theory of the plans for the European Monetary Union. Part 1 demonstrates that economists, bankers and policy makers know very little about monetary policy. Part 2 explains the errors of the common practice of defining money by its functions. Because any...
Persistent link: https://www.econbiz.de/10014863566
Persistent link: https://www.econbiz.de/10014863945
(EMU) countries in the last 35 years, and their consequences on the economic growth process by using the mean group (MG … consolidation and of fiscal stimulus in the 18 EMU countries from 1980 to 2015, shows that adjustments by cutting current … growth than current public expenditure. Originality/value This is the first study devoted to the EMU countries. It should be …
Persistent link: https://www.econbiz.de/10014879332