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This thesis was written by Jakob Eberl while having been a research assistant at the Center for Economic Studies (CES) at the University of Munich. It was completed in December 2015 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in May 2016. The...
Persistent link: https://www.econbiz.de/10011742392
Monetary Union is analyzed, taking a modified Galí/Monacelli New-Keynesian model for the EMU as a basis. In the second part …
Persistent link: https://www.econbiz.de/10009785604
Persistent link: https://www.econbiz.de/10011742787
This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an introduction to the topic, chapter 2 shows that the institutional setting of fiscal policy making needs to be considered when assessing the sustainability of fiscal policy. Using...
Persistent link: https://www.econbiz.de/10011742833
This dissertation studies the Economic and Monetary Union (EMU) and itseffects on foreign exchange markets and … I find that PPP during the common currency regimeholds in fewer EMU countries than during the alternative exchange rate … after the introduction of the euro for the EMU countries asopposed to the non-EMU countries. I do not obtain strong evidence …
Persistent link: https://www.econbiz.de/10009465029
Economic growth of a country is depended on implementation of fiscal and monetary policies. Proportion of effectiveness of the fiscal and monetary policies to economy is still debatable among Keynesian and Monetary specialist. This research is proofing empirical effectiveness of fiscal and...
Persistent link: https://www.econbiz.de/10009464777
The transmission of monetary and fiscal policies in an international context is one of the most prominent topics in the realm of international finance. In particular, researchers are interested in the effects of the respective policy on exchange rate movements, international price level...
Persistent link: https://www.econbiz.de/10009475313
Since the 1960s, the field of open economy macroeconomics has been largely dominated by the Mundell-Fleming model and its perfect-foresight extension of Dornbusch (1976). When dealing with classical issues of international macroeconomics, including for instance the international transmission of...
Persistent link: https://www.econbiz.de/10009475325
This dissertation is a collection of essays with the main objective of estimate and understand macroeconomic behavior of emerging countries by the lenses of modern tools in general equilibrium modeling. In the first chapter, I study whether structural parameters of Small Open Economy Real...
Persistent link: https://www.econbiz.de/10009475388