Similar Search Results

Before EMU starts: economic policy stimulates recovery in Europe

Scheide, Joachim; Solveen, Ralph - 1997

The decision on EMU strongly affects the course of monetary and fiscal policies in 1997 and especially in 1998. We assume that the monetary union will start in January 1, 1999 with a sizable number of participating countries. Once the decision on the members is made in the spring of 1998, any...

Persistent link: https://www.econbiz.de/10010295013

Auf dem Weg zum Euro - Szenarien für Zinsen, Wechselkurse und Konjunktur

Scheide, Joachim; Solveen, Ralph - 1997

Differenzen zwischen den nationalen Geldmarktzinsen können schon vor Beginn der einheitlichen Geldpolitik abgebaut werden, wenn … mehr und die Preiswirkungen der expansiveren Geldpolitik werden erst später in der Währungsunion auftreten und damit auf … alle Länder verteilt. Mit der insgesamt expansiveren Geldpolitik werden die europäischen Währungen gegenüber Drittwährungen …

Persistent link: https://www.econbiz.de/10010295066

The Euro: The issues for the future

Siebert, Horst - 2000

The euro is a new currency, and the ECB as a new institution still has to establish its reputation. The best way to do this is for the ECB to deliver a stable money. The two-pillar strategy pursued by the ECB seems to confuse the markets because market participants are unclear about which of the...

Persistent link: https://www.econbiz.de/10010295077

Euroland: New conditions for economic policy

Döpke, Jörg; Gern, Klaus-Jürgen; Gottschalk, Jan; … - 1998

The cyclical situation at the beginning of the European Monetary Union (EMU) is favorable: The upswing in Euroland has firmed, unemployment is going down, and inflation is low. However, economic growth outside the new currency area has weakened significantly during 1998, and fears are mounting...

Persistent link: https://www.econbiz.de/10010295088

Currency crises: Is Asia different?

Diehl, Markus; Schweickert, Rainer - 1998

International investors' enthusiasm with respect to growth prospects in Southeast Asia has been followed by panic. Both the outstanding economic performance of Southeast Asian economies and their ability to master adjustment challenges had led most observers of these economies to the conclusion...

Persistent link: https://www.econbiz.de/10010295099

Upswing in Europe gains momentum, but unemployment remains high

Gern, Klaus-Jürgen; Scheide, Joachim; Schlie, Markus - 1997

The expansion of Western European production accelerated in the first half of 1997. Exports were the main engine, driven by a devaluation of European currencies and strong growth abroad. Domestic demand also picked up somewhat led by investment in machinery and equipment. Inflation remained at...

Persistent link: https://www.econbiz.de/10010295104

Der Fahrplan für die Europäische Währungsunion: noch erheblicher Handlungs- und Klärungsbedarf

Lehment, Harmen; Scheide, Joachim - 1995

Für die Teilnahme an der Währungsunion sollten nur Staaten zugelassen werden, die alle Konvergenzkriterien erfüllen. Bislang tun dies nur Deutschland, Irland und Luxemburg. In allen anderen Ländern bedarf es einschneidender Maßnahmen — insbesondere bei der Verringerung der öffentlichen...

Persistent link: https://www.econbiz.de/10010295115

Evidence of the new economy at the macroeconomic level and implications for monetary policy

Gern, Klaus-Jürgen; Meier, Carsten-Patrick; Scheide, … - 2003

The notion of new economy was coined in the United States when there was increasing evidence that, as a result of the introduction of new technologies, the traditional behavior of macroeconomic variables might have changed. The expansion of the 1990s differed from its predecessors in three...

Persistent link: https://www.econbiz.de/10010295120

For a stable monetary policy and tax competition in Euroland

Boss, Alfred; Gern, Klaus-Jürgen; Meier, Klaus-Jürgen; … - 1999

Since the fall of last year, EMU countries have experienced a slowdown in economic activity triggered by a deceleration of exports. The expansion of internal demand has been more or less intact due to low interest rates and higher terms of trade. Consumer confidence has continued to rise and...

Persistent link: https://www.econbiz.de/10010295121

Die wirtschaftliche Lage Rußlands: Wirtschaftspolitik muß jetzt endlich Wachstumserfolge vorweisen. Elfter Bericht

Buch, Claudia M.; Heinrich, Ralph P.; Spinanger, Dean; … - 1997

In ihren früheren Veröffentlichungen hatten die drei an diesem Bericht beteiligten Institute die zentrale Rolle einschneidender institutioneller Reformen für die wirtschaftliche Entwicklung Rußlands betont. Mittlerweile scheint sich die Einschätzung der Institute zu bewahrheiten, daß im...

Persistent link: https://www.econbiz.de/10010295133