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The creation of the European Central Bank and the Euro have brought new challenges to EU integration and economic policy. This book looks into issues ofmonetary and factor market policies. The analysis also presents new theoretical and empirical research on the - transitory - decline of the...
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questions as the expansion of the eurozone, the institution of monetary unions in Latin America and East Asia, and the effect of … the eurozone, discussing, among other topics, its effect on labor market reforms, the empirical validity of the … eurozone. Other chapters consider such topics as the effect of monetary unions on trade flows, risk-sharing mechanisms to …
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Mit der Einführung der Europäischen Währungsunion (EWU) sind die europäischen Nationen in einem beispiellosen wirtschaftspolitischen Projekt engagiert, das keine Ausstiegsoption kennt. Die fortschreitende europäische Einigung folgt dabei primär politischen Motiven, die weitgehend...
Persistent link: https://www.econbiz.de/10011401891
Using an estimated large-scale New-Keynesian model, we assess welfare and business cycle consequences of a fiscal union within EMU. We differentiate between three different scenarios: public revenue equalisation, tax harmonisation and a centralised fiscal authority. Relative to the status quo,...
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