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Staying together or breaking apart : policy-makers endogenous coalitions formation in the European economic and monetary union
Aarle, Bas van; Di Bartolomeo, Giovanni; Engwerda, … - 2002
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
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Transatlantic monetary and fiscal policy interaction
Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003
This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...
Persistent link: https://www.econbiz.de/10011509484
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Economic policy coordination in the EMU : how much scope will there be within the framework of the stability and growth pact?
Breuss, Fritz; Weber, Andrea - 1999
for 10 EMU countries and for the ECB. The gains from cooperation are calculated by comparing two equilibria, a Nash and a … as a whole with the targets output gap and inflation. In the case of a "full" cooperation, where the 10 EMU countries … manoeuvre of fiscal policy of the EMU member states in stage III of EMU. Secondly, we find that not in all countries cooperation …
Persistent link: https://www.econbiz.de/10011491576
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Changes in the Response of Fiscal Policy to Monetary Policy in the EMU
Arora, Sanchit; Boeing-Reicher, Claire - 2014
We study the evolution of the response of fiscal policy to monetary policy shocks in the EMU in the light of two … important events: the signing of the Maastricht treaty in 1992 and the introduction of the EMU in 1999. Based on impulse … policy acted as complements after the introduction of the EMU. These results holds for a set of 11 non-EMU countries as well …
Persistent link: https://www.econbiz.de/10010362160
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The ECB and the cost of independence : unearthing a new doom-loop in the European Monetary Union
Marozzi, Armando - 2021
Persistent link: https://www.econbiz.de/10012521651
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Future of the Economic and Monetary Union
Gortsos, Christos V. - 2022
recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current … of the EMU.The following Section II (“The Impact of the Three Major Crises During the Period 2007-2021”) develops on how …
Persistent link: https://www.econbiz.de/10014077291
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Staying together or breaking apart : policy-makers' endogenous coalitions formation in the European Economic and Monetary Union
Di Bartolomeo, Giovanni; Engwerda, Jacob Christiaan; … - 2002
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
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Revenue for EMU : a contribution to the debate on fiscal union
Iara, Anna - 2016
intensified, among others putting forward a fiscal stabilization capacity for EMU members. Contributions made so far to further …
Persistent link: https://www.econbiz.de/10011436156
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A sustainable Euro area with exit options
Ritzen, Jozef M. M.; Haas, Jasmina - 2016
All explorations of the future of the Euro show serious risks for its survival in the present form. The road map of the Five EU Presidents presented in 2015 is far from sufficient to reduce the risks of the Euro zone falling apart by Brexit type developments or new economic shocks. The EU...
Persistent link: https://www.econbiz.de/10011582732
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When Keynes goes to Brussels : a new fiscal rule for the EMU?
Saraceno, Francesco - 2016
Persistent link: https://www.econbiz.de/10011644627