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The Euro, the Dollar and the Costs of Union : The USA & Eurozone
Caldararo, Niccolo Leo - 2016
The single currency of the Eurozone is experiencing difficulties due to a number of factors. One is the lack of … system, both in terms of currency problems and debt. While Greece, Italy and Portugal loom large on the Eurozone horizon of …
Persistent link: https://www.econbiz.de/10012983689
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The Fiscal Consequences of Missing an Inflation Target
Andreolli, Michele; Rey, Hélène - National Bureau of Economic Research - 2023
levels and different maturity structures. The monetary-fiscal nexus is central to the functioning of the euro area. We focus … Euro Area countries. For comparison we also estimate the fiscal consequences of the Federal Reserve and the Bank of England …
Persistent link: https://www.econbiz.de/10013537713
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Currency blocs in the 21st century
Fischer, Christoph - 2011
economic variables determine a given country's currency bloc affiliation. The dollar bloc differs from the euro bloc in that …
Persistent link: https://www.econbiz.de/10010305207
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Currency blocs in the 21st century
Fischer, Christoph - 2011
economic variables determine a given country’s currency bloc affiliation. The dollar bloc differs from the euro bloc in that …
Persistent link: https://www.econbiz.de/10009129843
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Fiscal Stabilization in the United States : Lessons for Monetary Unions
Nikolov, Plamen - 2019
The debate about the use of fiscal instruments for macroeconomic stabilization has regained prominence in the aftermath of the Great Recession, and the experience of a monetary union equipped with fiscal shock absorbers, such as the United States, has often been a reference. This paper enhances...
Persistent link: https://www.econbiz.de/10012871658
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Spillovers from tax shocks to the euro area
Mierzwa, Sascha - 2021 - This version: 07 September 2021
Kingdom to 11 Eurozone countries for the period 1980Q1-2018Q4 employing Local Projections (Jordà, 2005). In general, I find … spillovers from US tax legislation to have the smallest effects on Eurozone countries' real GDP and UK tax changes to exert the …
Persistent link: https://www.econbiz.de/10012649097
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Fiscal stabilization in the United States : lessons for monetary unions
Nikolov, Plamen; Pasimeni, Paolo - 2019
The debate about the use of fiscal instruments for macroeconomic stabilization has regained prominence in the aftermath of the Great Recession, and the experience of a monetary union equipped with fiscal shock absorbers, such as the United States, has often been a reference. This paper enhances...
Persistent link: https://www.econbiz.de/10011999069
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Fiscal Stabilization in the United States : Lessons for Monetary Unions
Nikolov, Plamen; Pasimeni - 2022
The debate about the use of fiscal instruments for macroeconomic stabilization has regained prominence in the aftermath of the Great Recession, and its relevance has suddenly increased further, after the recent Covid-19 shock. The analysis of fiscal stabilization in the United States, a monetary...
Persistent link: https://www.econbiz.de/10014084756
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An Estimated DSGE Model of Austria, the Euro Area and the U.S. : Some Welfare Implications of EMU
Breuss, Fritz; Fornero, Jorge - 2009
. The model captures the most salient features of Austria as a small open economy, the Euro Area (EA) and the United States …
Persistent link: https://www.econbiz.de/10011373510