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This paper examines how the pass-through of monetary policy measures in 6 EMU countries has evolved over time and …
Persistent link: https://www.econbiz.de/10011398432
No one seems to be neutral about the effects of EMU on the German economy. Roughly speaking, there are two camps: those … stability. From a broader macroeconomic perspective, however, it is clear that EMU is unlikely to cause directly any meaningful …
Persistent link: https://www.econbiz.de/10009768851
This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after "euroization". The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To...
Persistent link: https://www.econbiz.de/10011499412
This paper studies monetary and fiscal policies in the euro area. It discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the German government, and the French government. As...
Persistent link: https://www.econbiz.de/10010263459
This paper studies the interactions between monetary and fiscal policies in the euro area. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the American...
Persistent link: https://www.econbiz.de/10003376950
This paper studies monetary and fiscal policies in the euro area. It discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the German government, and the French government. As...
Persistent link: https://www.econbiz.de/10003554534
To deal with changes of capitalized seignorage due to EMU, we supply the still missing capital-theoretical framework …. We show that seignorage pooling of EMU is composed of two components, a dynamic component and a static component. By its … EMU-changes of capitalized seignorage in two scenarios for Germany. Estimates of changes in the literature are examined …
Persistent link: https://www.econbiz.de/10009491053
German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper analysis of ordoliberal thinking reveals that the...
Persistent link: https://www.econbiz.de/10011280050
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548
Persistent link: https://www.econbiz.de/10011347453