Showing 1 - 10 of 4,586
Persistent link: https://www.econbiz.de/10010506745
The persistently low wage and price growth in the EMU after the Great Recession of 2009 led some economic observers to … EMU member states after the Great Recession to investigate whether these claims are corroborated by empirical evidence …. The results point to the conclusion that the Phillips Curve is alive and well in the EMU and centred at or only slightly …
Persistent link: https://www.econbiz.de/10011987417
In this article, the issue of the monetary independence problem in view of the Romania's European Monetary Union accession is investigated empirically. It is frequently argued that for such a country, the main cost of participation in a currency area is the loss of monetary policy independence....
Persistent link: https://www.econbiz.de/10011890553
Persistent link: https://www.econbiz.de/10000137107
In terms of macroeconomic performance, the Eurozone’s first decade is a story of successful inflation-targeting by the ECB for the common currency area as a whole combined with the persistence of real exchange rate and current account disequilibria at member country level. According to the...
Persistent link: https://www.econbiz.de/10009793391
Persistent link: https://www.econbiz.de/10012806586
Policy mix problems may arise in a monetary union with centralized monetary policy and decentralized fiscal policy. A consequence of this may be an inappropriate stabilization of shocks. This paper addresses how policy coordination problems are affected by the objectives of the monetary...
Persistent link: https://www.econbiz.de/10014094279
European treaty. Moreover, as long as the distance to the core of the EMU countries is still large, real convergence criteria …
Persistent link: https://www.econbiz.de/10010508238
Persistent link: https://www.econbiz.de/10003775113
Persistent link: https://www.econbiz.de/10003796359