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Causes of the outbreak of the Eurozone crisis : the role of the USA and the European Central Bank monetary policy
Białek, Natalia - In: E-Finanse : finansowy kwartalnik internetowy 11 (2015) 2, pp. 47-63
This paper argues that the loose monetary policy of two of the world’s most important financial institutions-the US Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of 2008 - 09. Unusually low interest rates in 2001 -...
Persistent link: https://www.econbiz.de/10011402491
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Searching for new fiscal rules in the euro area : A new proposal
Priewe, Jan - In: European journal of economics and economic policies : … 18 (2021) 2, pp. 145-159
Persistent link: https://www.econbiz.de/10012650969
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Why 3 and 60 per cent? : the rationale of the reference values for fiscal deficits and debt in the European Economic and Monetary Union
Priewe, Jan - In: European journal of economics and economic policies : … 17 (2020) 2, pp. 111-126
Persistent link: https://www.econbiz.de/10012321766
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Macroeconomic policy in the European Monetary Union : from the old to the new stability and growth pact
Farina, Francesco (ed.); Tamborini, Roberto (contributor) - 2008 - 1. publ.
Persistent link: https://www.econbiz.de/10003441486
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The Stability and Growth Pact : not the best but better than nothing ; reviewing the debate on fiscal policy in Europe's Monetary Union
Heipertz, Martin - 2003
This paper aims to review the economic literature on the Maastricht deficit rule and the Stability and Growth Pact. The author tries to expose the contradictions and inconclusiveness of the debate, highlighting both the criticism and the defense of the fiscal policy regime in EMU. The paper is...
Persistent link: https://www.econbiz.de/10008805993
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Country size, growth and the economic and monetary union
Alouini, Olfa - 2012
Persistent link: https://www.econbiz.de/10009728918
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Wie viel Koordinierung braucht Europa?
Feld, Lars P.; Haucap, Justus; Möschel, Wernhard; … - 2012
Die Europäische Wirtschafts- und Währungsunion steht am Scheideweg. Einige Mitgliedstaaten leiden unter Verschuldung und hohen Kapitalmarktzinsen. Der strukturelle Reformbedarf ist enorm. Zu Beginn der Krise noch undenkbar fordern manche eine Fiskalunion mit vergemeinschafteter...
Persistent link: https://www.econbiz.de/10010382303
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Smoothing asymmetric shocks vs. redistribution in the euro area : a simple proposal for dealing with mistrust in the euro area
Oksanen, Heikki - 2016 - This version 2016-03-22
The euro area will not have a centralised budget and smoothing of country-specific asymmetric shocks via private financial markets will develop only slowly. Mistrust among the governments has caused rigid, even pro-cyclical fiscal policies. Smoothing mechanisms are absent due to the fear that...
Persistent link: https://www.econbiz.de/10011444463
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Die Stabilitätsprogramme der EU : Anspruch und Wirklichkeit in den ersten vier Jahren der Europäischen Währungsunion
Sell, Friedrich L. - 2003
Finanzpolitik der EU-Mitgliedsstaaten gesammelt hat. Diese betreffen sowohl die Defizitobergrenze des Stabilitätspakts als auch die … einen neuen "Policy Mix" in der Euro-Zone organisieren hilft und zugleich das berühmte "Zuordnungsproblem adäquat löst. Das … Wirksamkeit der automatischen Stabilisatoren der Finanzpolitik gerade im Konjunkturabschwung und verbessert zugleich die …
Persistent link: https://www.econbiz.de/10010509331
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Fiscal and monetary interaction : the role of asymmetries of the stability and growth pact in EMU ; presented at CESifo/LBI Conference on the Sustainability of Public Debt, October...
Governatori, Matteo; Eijffinger, Sylvester C. W. - 2004
The paper builds a simplified model describing the economy of a currency union with decentralised national fiscal policy, where the main features characterising the policy-making are similar to those in EMU. National governments choose the size of deficit taking into account the two main rules...
Persistent link: https://www.econbiz.de/10002514594