Similar Search Results

Industrielle Konzentration als Kriterium für die Geeignetheit eines einheitlichen Währungsraums. Eine empirische Untersuchung der Europäischen Union von 1972 bis 1996 / Industrial...

Rübel, Gerhard; Klüver, Anja - In: Jahrbücher für Nationalökonomie und Statistik 221 (2001) 1, pp. 68-86

Summary Using empirical tests on 52 industrial sectors, this paper shows that industrial agglomeration has increased significantly in Europe since 1972. However, important differences can be observed between the sectors. These differences suggest that discrepancies between EU countries - which...

Persistent link: https://www.econbiz.de/10014608817

Beggar Thy Neighbour: Exchange Rate Regime Misadvice from Misunderstandings of Mundell (1961)

Pope, Robin - 2007

Economists invoke Mundell (1961) in arguing for the general policy of a flexible exchange rate regime as a means of restoring equilibria after shocks. But there is a discrepancy between the intent of the general policy and attempts at its implementation as identified by specific changes in...

Persistent link: https://www.econbiz.de/10010263183

A BRIEF HISTORY OF THE INTEGRATING OPTIMIZED WALKING AREAS IN TRADITIONAL THEORY

Hlaciuc, Ana-Maria - 2017

The theory of credibility (George Tavlas) pursues a neoclassical approach, ignoring the demand side. If aggregate offer is the subject of asymmetric shocks, it can no longer be possible to assert the superiority of the fixed rule to discretion, so that giving up currency and currency...

Persistent link: https://www.econbiz.de/10011645301

Prospects for an EMU between Federalism and Nationalism

den Butter, Frank A. G.; Segers, Mathieu L.L. - 2014

Which ways and means are available for the macroeconomic and fiscal coordination and/or integration within the EMU … regarding EMU's institutional history in order to come to a compromise proposal for an EMU between nationalism and federalism … of these arguments. We sketch concrete options for a 'deepening of economic coordination' in the EMU, as announced by Van …

Persistent link: https://www.econbiz.de/10010377184

Asymmetric growth and inflation developments in the acceding countries: a new assessment

Ide, Stefaan; Moës, Philippe - 2004

In this paper, we use a SVAR model in order to study the asymmetry of growth and inflation developments in the acceding countries vis-à-vis the euro area over the years 1995-2003. The model combines two strands of the literature, the explanation in terms of country-specific and euro area...

Persistent link: https://www.econbiz.de/10011506585

Optimal Exchange Rate Policy: The Case of Iceland

Gu∂mundsson, Már; Pétursson, Thórarinn G.; … - 2001

Presented at the workshop ''The conduct of monetary policy in open economies'' on 26-27 October 2000;This paper analysis the appropriate exchange rate arrangement for Iceland, given its structural characteristics, on the one hand, and the need for a credible nominal anchor for monetary policy, on...

Persistent link: https://www.econbiz.de/10012143583

Is Europe growing together or growing apart?

Crowley, Patrick M.; Garcia, Enrique; Chee-Heong, Quah - 2013

While it is painfully clear that the 'ever closer' monetary and financial union in the EU has run into serious trouble there has been very little study of the degree to which the countries have become similar or different in their economic growth dynamics. This paper therefore goes beyond the...

Persistent link: https://www.econbiz.de/10012148204

Some empirical tests on the integration of economic activity between the Euro area and the accession countries

Korhonen, Iikka - 2001

This note looks at the correlation of short-term business cycles in the euro area and the EU accession countries.The issue is assessed with the help of vector autoregressive models.There are clear differences in the degree of correlation between accession countries.For Hungary and Slovenia, euro...

Persistent link: https://www.econbiz.de/10012148421

Fidrmuc, Jarko; Korhonen, Iikka - 2001

We assess the correlation of supply and demand shocks between the euro area, the EU accession countries and also the present EU countries.Shocks are recovered from estimated structural vector autoregressive models.We find that some advanced accession countries have quite high correlation with...

Persistent link: https://www.econbiz.de/10012148426

How close is Asia to an optimal currency area in terms of business cycle co-movement?

García Herrero, Alicia - 2014

Persistent link: https://www.econbiz.de/10011375815