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The Price of EMU Revisited
Hughes Hallett, Andrew; Minford, Patrick; Rastogi, Anupam - C.E.P.R. Discussion Papers - 1992
-run nominal rigidity in wages and prices, one would expect that under European Monetary Union (EMU) the loss of the exchange rate … strategically responsive monetary policy, floating is superior to EMU for all countries, and that even if the rest of the Community … proceeds with EMU, the UK is better off outside it. This latter conclusion is reinforced in the exercise on the more refined UK …
Persistent link: https://www.econbiz.de/10005114257
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The Exchange Rate - A Shock-Absorber or Source of Shocks? A Study of Four Open Economies
Artis, Michael J; Ehrmann, Michael - C.E.P.R. Discussion Papers - 2000
The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a monetary policy reaction function and taking account of exchange rate targeting practices. The object of the analysis is to examine the idea that an independent money and exchange...
Persistent link: https://www.econbiz.de/10005789208
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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; Plasmans, Joseph - 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/10011335731
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Staying Together or Breaking Apart: Policy-makers' Endogenous Coalitions Formation in the European Economic and Monetary Union
van Aarle, Bas; Di Bartolomeo, Giovanni; Engwerda, Jacob; … - 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/10010315428
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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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Macroeconomic stabilization policies in the EMU : spillovers, asymmetries, and institutions
Di Bartolomeo, Giovanni; Engwerda, Jacob; Plasmans, Joseph - 2005
game approach of the endogenous coalition formation literature. The specific policy recommendations in the EMU context …
Persistent link: https://www.econbiz.de/10010261121
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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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Macroeconomic Policy Interaction under EMU: A Dynamic Game Approach
Aarle, Bas Van; Engwerda, Jacob; Plasmans, Joseph; … - In: Open Economies Review 12 (2001) 1, pp. 29-60
In this article, we study macroeconomic stabilization in the Economic and Monetary Union (EMU) using a dynamic game … fiscal policies and monetary policy of the European Central Bank (ECB) in the EMU. A special focus is on the effects of labor …
Persistent link: https://www.econbiz.de/10005715031
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Monetary and Fiscal Policy Design in the EMU: An Overview
Aarle, Bas van; Bartolomeo, Giovanni Di; Engwerda, Jacob; … - In: Open Economies Review 13 (2002) 4, pp. 321-340
European Union. This paper analyzes the design of monetary and fiscal policies in the EMU. To do so, the paper starts with an …
Persistent link: https://www.econbiz.de/10005715100
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Staying together or breaking apart: Policy-makers' endogenous coalitions formation in the European economic and monetary Union
VAN AARLE, Bas; DI BARTOLOMEO, Giovanni; ENGWERDA, Jacob; … - Faculteit Toegepaste Economische Wetenschappen, … - 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/10005824287