Similar Search Results

Changes in the Response of Fiscal Policy to Monetary Policy in the EMU

Arora, Sanchit; Reicher, Claire - 2014

We study the evolution of the response of fiscal policy to monetary policy shocks in the EMU in the light of two … important events: the signing of the Maastricht treaty in 1992 and the introduction of the EMU in 1999. Based on impulse … policy acted as complements after the introduction of the EMU. These results holds for a set of 11 non-EMU countries as well …

Persistent link: https://www.econbiz.de/10010369612

Northern and Eastern Enlargement of EMU: Do Structural Reforms Matter?

Hallett, Andrew Hughes; Jensen, Svend E Hougaard; … - 2004

This paper studies the incentives to join or enlarge a monetary union under alternative assumptions about the extent of market reform within the union and in candidate countries. Lack of labour mobility, wage/price flexibility or fiscal reform brings costs for both new entrants and in the...

Persistent link: https://www.econbiz.de/10011689914

Transatlantic Monetary and Fiscal Policy Interaction

van Aarle, Bas; Garretsen, Harry; Huart, Florence - 2003

This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...

Persistent link: https://www.econbiz.de/10010316007

Fiscal policy coordination in the EMU: A problem with asymmetry and aggregation

Viren, Matti - 2011

-country estimates as point of reference. The empirical results clearly show that policy coordination within the EMU context is very …

Persistent link: https://www.econbiz.de/10012503024

Problems of fiscal consolidation and policy coordination

Viren, Matti - 2012

show that policy coordination within the EMU context is difficult because of these large country differences and …

Persistent link: https://www.econbiz.de/10012503036

European fiscal union : what is it?, does it work?, and are there really ‘no alternatives’?

Fuest, Clemens; Peichl, Andreas - 2012

The view is widespread that there are just two options for the future of the Eurozone – either it is complemented by a fiscal union, or it will fall apart. In this paper, we discuss five possible elements of a fiscal union, of which three are in the centre of the current debate on fiscal union...

Persistent link: https://www.econbiz.de/10009525226

Wage moderation in the public sector : the experiences of 11 EMU countries in the recent economic crisis ; 2008 - 2010

Park, Sung Ho; Young, Kevin - In: Economic and industrial democracy : EID ; an … 36 (2015) 4, pp. 575-609

Persistent link: https://www.econbiz.de/10011392147

Keynesian, non-Keynesian or no effects of fiscal policy changes? : the EMU case

Aarle, Bas van - 2001

period to the Economic andMonetary Union (EMU). Using several approaches suggested in the literatureon fiscal adjustments and … their macroeconomic effects and in the literatureon EMU, we analyze the effects of the fiscal adjustments during this … periodon private consumption. Thereby, we also take the specific context of thetransition towards EMU explicitly into …

Persistent link: https://www.econbiz.de/10011400376

Is fiscal policy coordination in EMU desirable?

Beetsma, Roel; Debrun, Xavier; Klaassen, Franc - 2001

It is widely argued that Europe's unified monetary policy calls for the international coordination at the fiscal level. We survey the issues involved with such coordination of fiscal policy as a demand management tool and we use a simple model to investigate the circumstances under which...

Persistent link: https://www.econbiz.de/10011400878

The European sovereign debt market : from integration to segmentation

Cipollini, Andrea; Coakley, Jerry; Lee, Hyunchul - In: The European journal of finance 21 (2015) 1/3, pp. 111-128

Persistent link: https://www.econbiz.de/10010519971