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Keynesian, non-Keynesian or no effects of fiscal policy changes? : the EMU case
Aarle, Bas van - 2001
period to the Economic andMonetary Union (EMU). Using several approaches suggested in the literatureon fiscal adjustments and … their macroeconomic effects and in the literatureon EMU, we analyze the effects of the fiscal adjustments during this … periodon private consumption. Thereby, we also take the specific context of thetransition towards EMU explicitly into …
Persistent link: https://www.econbiz.de/10011400376
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Why EMU is irrelevant for the German economy
Posen, Adam Simon - 1998
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
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Changes in the Response of Fiscal Policy to Monetary Policy in the EMU
Arora, Sanchit; Boeing-Reicher, Claire - 2014
We study the evolution of the response of fiscal policy to monetary policy shocks in the EMU in the light of two … important events: the signing of the Maastricht treaty in 1992 and the introduction of the EMU in 1999. Based on impulse … policy acted as complements after the introduction of the EMU. These results holds for a set of 11 non-EMU countries as well …
Persistent link: https://www.econbiz.de/10010362160
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Monetary and macroprudential policy in an estimated DSGE model of the euro area
Quint, Dominic; Rabanal, Pau - 2014
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...
Persistent link: https://www.econbiz.de/10010258716
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Was ECB's monetary policy optimal?
Breuss, Fritz - 2002
Overall, the ECB managed monetary policy quite satisfactory in the first phase of EMU. Nevertheless, this paper asks …
Persistent link: https://www.econbiz.de/10011492736
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The legal architecture of the economic responses to COVID-19 : EMU beyond the pandemic
Fabbrini, Federico - In: Journal of common market studies : JCMS 60 (2022) 1, pp. 186-203
Persistent link: https://www.econbiz.de/10012820559
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Public debt, economic policy coordination and their effectiveness : lessons from the EMU and Brazil
Frascaroli, Bruno Ferreira; Oliveira, Jailson da … - In: Journal of economic policy reform 24 (2021) 2, pp. 219-235
Persistent link: https://www.econbiz.de/10012549317
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Monetary policy and bank lending in euro area since the outset of the global financial crisis
Wierzbowska, Agata - In: Panoeconomicus 68 (2021) 3, pp. 293-323
Persistent link: https://www.econbiz.de/10012657738
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The policy mix in the US and EMU : evidence from a SVAR analysis
Afonso, António; Gonçalves, Luis - In: The North American journal of economics and finance : a … 51 (2020), pp. 1-19
Persistent link: https://www.econbiz.de/10012658673
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From one crisis to another : changes in the governance of the Economic and Monetary Union (EMU)
Pochet, Philippe - In: Transfer : the European review of labour and research ; … 28 (2022) 1, pp. 119-133
Persistent link: https://www.econbiz.de/10013257302