Showing 1 - 10 of 45,627
Persistent link: https://www.econbiz.de/10001717378
Persistent link: https://www.econbiz.de/10011760160
Persistent link: https://www.econbiz.de/10014583642
Persistent link: https://www.econbiz.de/10000657774
Real Wage Rigidities, Fiscal Policy, and the Stability of EMU in the Transition Phase. - EMU will start with eleven member countries as scheduled on January 1, 1999. The paper shows that the primacy of politics over economics in this decision could have serious consequences concerning the...
Persistent link: https://www.econbiz.de/10010496610
Crises are a major driving force behind cooperation in the European Union. This holds also for monetary and fiscal policy. During severe crises, cooperation has been enlarged and intensified. The recent covid-19 pandemic is a clear example of this pattern. The pandemic has had huge impact on the...
Persistent link: https://www.econbiz.de/10013270330
Persistent link: https://www.econbiz.de/10001921439
depend on the particular characteristics of the shocks and the economic structure. In the case of a common shock, fiscal …
Persistent link: https://www.econbiz.de/10002572274
We construct a macro DSGE model of the eurozone and its two main regions, the North and the South, with the aim of …
Persistent link: https://www.econbiz.de/10012591814
of the Great Recession, and the experience of a monetary union equipped with fiscal shock absorbers, such as the United … extended benefits in the event of a large shock, like the Great Recession. …
Persistent link: https://www.econbiz.de/10011999069