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In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic …
Persistent link: https://www.econbiz.de/10011410410
In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic …
Persistent link: https://www.econbiz.de/10011597642
Persistent link: https://www.econbiz.de/10011375815
In this paper, we use a SVAR model in order to study the asymmetry of growth and inflation developments in the acceding countries vis-à-vis the euro area over the years 1995-2003. The model combines two strands of the literature, the explanation in terms of country-specific and euro area...
Persistent link: https://www.econbiz.de/10011625679
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Persistent link: https://www.econbiz.de/10012171931
Persistent link: https://www.econbiz.de/10010364217
Which ways and means are available for the macroeconomic and fiscal coordination and/or integration within the EMU … regarding EMU’s institutional history in order to come to a compromise proposal for an EMU between nationalism and federalism … of these arguments. We sketch concrete options for a 'deepening of economic coordination' in the EMU, as announced by Van …
Persistent link: https://www.econbiz.de/10010227694
Persistent link: https://www.econbiz.de/10012211274
It is conventionally held that countries are worse off by forming a monetary union when it comes to macroeconomic stabilization. However, this conventional view relies on assuming that monetary policy is conducted optimally. Relaxing the assumption of optimal monetary policy not only uncovers...
Persistent link: https://www.econbiz.de/10011415479