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The paper analyses the common European monetary policy based on a Mises-Hayek overinvestment framework, which is combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary policy contributed to unsustainable overinvestment booms...
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the world and which is used by the Deutsche Bundesbank for policy analysis, to analyze how discretionary fiscal policy in … of the world and risk premia shocks, followed by domestic non-fiscal shocks, amongst them the technology shock being the …
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characterizes the size and sign of its fiscal footprint, as well as the states of the world in which the temptation for fiscal goals …
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