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European Union has reached its limits. Drawing on the lessons of the Eurozone crisis and of Brexit, this chapter argues that …
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in the European Union as heralded by the Brexit. …
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Over the last thirty years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of...
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Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...
Persistent link: https://www.econbiz.de/10012054254
Purpose - The purpose of this paper is to assess the plausibility of four different mid-term paths of development of the European Union (EU): first, a political union or a European state; second, a differentiated and flexible integration of the polity; third, a covert and deepening integration of...
Persistent link: https://www.econbiz.de/10012257487
The outcome of the referendum on the UK's membership of the European Union in June 2016 was largely unanticipated by … on UK stock prices, exchange rates, and economic policy uncertainty to construct a novel instrument for Brexit shocks …. Including a monthly aggregate of this time series into a vector-autoregressive model of the UK economy, we find that Brexit …
Persistent link: https://www.econbiz.de/10013194430