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Persistent link: https://www.econbiz.de/10011820408
should be considered. Based on this view macroeconomic performance and macroeconomic policies in France, Germany, Sweden and …
Persistent link: https://www.econbiz.de/10003744540
The theory of optimal currency areas states that a currency union may succeed if the participating countries have complementary industry structures. If this is not the case a currency union does not, inevitably, have to fail because market forces will induce adjustments of the industry...
Persistent link: https://www.econbiz.de/10010192073
The theory of optimal currency areas states that a currency union may succeed if the participating countries have complementary industry structures. If this is not the case a currency union does not, inevitably, have to fail because market forces will induce adjustments of the industry...
Persistent link: https://www.econbiz.de/10013074396
countries - Germany and France - on the domestic and foreign economy. We test the implications of the gains in matching …
Persistent link: https://www.econbiz.de/10010432449
followed neutral policies based on expenditure rules since the start of EMU. It also calculates the implications for debt … trends. It finds that, all sample countries except Germany applied expansionary expenditure policies. This resulted in much … higher expenditure and debt paths compared to a counterfactual neutral expenditure stance. Simple and prudent rules …
Persistent link: https://www.econbiz.de/10008728760
explanation of the evolution of these variables and present a comparison of their evolution in France, Germany, Italy, Spain and …
Persistent link: https://www.econbiz.de/10012770607
-led mercantilist and the domestic demand-led regime and apply this to six countries, Germany, France, Spain, Sweden, the UK and the USA …
Persistent link: https://www.econbiz.de/10012291079
followed neutral policies based on expenditure rules since the start of EMU. It also calculates the implications for debt … trends. It finds that, all sample countries except Germany applied expansionary expenditure policies. This resulted in much … higher expenditure and debt paths compared to a counterfactual neutral expenditure stance. Simple and prudent rules …
Persistent link: https://www.econbiz.de/10013136395
Highlighting that France and Germany held largely contradicting hopes and aspirations for Europe's common currency … to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German … that others behave differently cannot be made to work by forcing everyone to behave like Germany. This fundamental …
Persistent link: https://www.econbiz.de/10013083294