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-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
show that policy coordination within the EMU context is difficult because of these large country differences and …
Persistent link: https://www.econbiz.de/10012503036
Persistent link: https://www.econbiz.de/10010413265
This paper deals with the problems of assessing the effects of fiscal policy in the European Monetary Union. Here, we face wide cross-country differences in key fiscal parameters, some of which may also be vary over time (business cycle). Moreover, these effects may also depend on trade...
Persistent link: https://www.econbiz.de/10010959193
-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/10009651101
show that policy coordination within the EMU context is difficult because of these large country differences and …
Persistent link: https://www.econbiz.de/10010614987
This paper deals with the problems of assessing the effects of fiscal policy in the European Monetary Union. Here, we face wide cross-country differences in key fiscal parameters, some of which may also be vary over time (business cycle). Moreover, these effects may also depend on trade...
Persistent link: https://www.econbiz.de/10010818985
This paper deals with the problems of assessing the effects of fiscal policy in the European Monetary Union. Here, we face wide cross-country differences in key fiscal parameters, some of which may also be vary over time (business cycle). Moreover, these effects may also depend on trade...
Persistent link: https://www.econbiz.de/10012148182
for 10 EMU countries and for the ECB. The gains from cooperation are calculated by comparing two equilibria, a Nash and a … as a whole with the targets output gap and inflation. In the case of a "full" cooperation, where the 10 EMU countries … manoeuvre of fiscal policy of the EMU member states in stage III of EMU. Secondly, we find that not in all countries cooperation …
Persistent link: https://www.econbiz.de/10011491576
Persistent link: https://www.econbiz.de/10012549317