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Denmark, Sweden, and the UK have repeatedly refused to join the European and Monetary Union (EMU). Surprisingly, there is very little work on the welfare consequences of the loss of monetary policy flexibility for these countries. This paper fills this void by providing a framework to evaluate...
Persistent link: https://www.econbiz.de/10010561305
In seinem Kommentar zeigt Dirk Meyer, Helmut-Schmidt-Universität, Hamburg, zwei grundlegende Handlungsalternativen – die Einführung eines dauerhaften Stabilisierungsmechanismus in Verbindung mit einem Umbau der Europäischen Verträge oder eine Neuordnung der Währungsunion im Sinne einer...
Persistent link: https://www.econbiz.de/10010567077
En el presente trabajo se recoge la influencia que ha tenido la introducción del euro sobre el proceso de compra … formación de los precios de referencia estimados por el consumidor. En cuanto al segundo objetivo se pretende realizar una … compra. Si bien otros trabajos se han centrado en analizar los efectos inmediatos de la introducción del euro, la visión que …
Persistent link: https://www.econbiz.de/10010567229
from "Romania can fulfill the nominal convergence criteria?” in "Is it advisable for Romania to adopt the Euro, given the … investigate Romania's capacity to approach the nominal convergence criteria and so realistic goal of joining the Euro it is. …
Persistent link: https://www.econbiz.de/10010698046
considerando progressi dell'Europa nelle politiche per la crescita, se la forza dell'Euro non si collocherà presto in un progetto … troppo forti discontinuità, dei loro conti interni ed esterni), gli Stati Uniti hanno necessità che l'Euro si affianchi al …" dietro l'Euro, perché alla fine la forza della moneta la fa il Paese che la emette, e un'Europa in buona salute è importante …
Persistent link: https://www.econbiz.de/10010698123
del error inevitable que supuso nuestra entrada en el euro a la vista de nuestra delicada situación actual provocada …
Persistent link: https://www.econbiz.de/10010698415
-tradable goods and services. The elimination of nominal exchange rates with the euro does not change these relationships. Government …
Persistent link: https://www.econbiz.de/10008559023
The Taylor rule has been used in many studies in order to analyse the monetary policies. In my work I focus on the Euro …
Persistent link: https://www.econbiz.de/10008559089
framework designed by Pesaran et al. (2004), we want to shed light on the following important questions: What if the euro had … lower interest rates and higher output in most euro area (EA) countries, relatively to a situation where national monetary …
Persistent link: https://www.econbiz.de/10008563132
Ten new countries joined the EU in 2004, and some of them will soon also join the euro. Since their incorporation to …
Persistent link: https://www.econbiz.de/10008564076