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Can the exchange rate regime influence corruption?

Popkova, Katherina - 2011

This paper analyses the influence of the exchange rate regime of a country on the level of tolerated corruption with a special focus on the interdependency of monetary and fiscal policies. Using a simple theoretical framework based on Barro-Gordon-Model I compare independent monetary policy with...

Persistent link: https://www.econbiz.de/10010281777

The quest for global monetary policy coordination

Bruni, Franco; Siaba Serrate, José; Villafranca, Antonio - 2018

This paper puts forward a proposal to help monetary policies confront the challenge of the "normalisation" of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue that...

Persistent link: https://www.econbiz.de/10011885871

The quest for global monetary policy coordination

Bruni, Franco; Siaba Serrate, José; Villafranca, Antonio - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-5, pp. 1-16

This paper puts forward a proposal to help monetary policies confront the challenge of the 'normalisation' of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue that...

Persistent link: https://www.econbiz.de/10011956364

An Analysis of the 'Stability Pact'

Beetsma, Roel; Uhlig, Harald - C.E.P.R. Discussion Papers - 1997

We analyse the proposed ‘stability pact’ for countries joining a European Monetary Union (EMU). Within EMU shortsighted governments fail to fully internalize the inflationary consequences of their debt policies, which results in excessive debt accumulation. Hence, although in the absence of...

Persistent link: https://www.econbiz.de/10005661884

Guidelines for sustained growth in the EU? : the concept and consequences of the broad economic policy guidelines ; [Paper prepared for the 2nd conference “Development in Economic...

Hein, Eckhard; Niechoj, Torsten - 2005

The Broad Economic Policy Guidelines contain the answers of the European Commission and the governments of the EU-member countries to the European growth and employment problems. These guidelines have been the major EU-economic policy concept for around ten years now. They can be seen as a...

Persistent link: https://www.econbiz.de/10003744521

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 set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal and monetary authorities are formed and what are their...

Persistent link: https://www.econbiz.de/10011410410

The "dark ages" of German macroeconomics and other alleged shortfalls in German economic thought

Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2017

Ordoliberalism is often accused as being responsible for Germany's policy stance during the Eurozone crisis …

Persistent link: https://www.econbiz.de/10011743490

Ordoliberalism, pragmatism and the eurozone crisis : how the German tradition shaped economic policy in Europe

Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2015

German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what … economic constitution for Europe in which several pillars supposedly aim at ensuring sound money in the Eurozone. The policies … the German government pushed during the Eurozone crisis have been informed by the ordoliberal tradition. In particular …

Persistent link: https://www.econbiz.de/10011280050

Ordoliberalism, pragmatism and the Eurozone crisis : how the German tradition shaped economic policy in Europe

Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2015 - This version: May 18, 2015

Persistent link: https://www.econbiz.de/10010528303

The Eurozone in crisis : a Kaleckian macroeconomic regime and policy perspective

Hein, Eckhard; Martschin, Judith - 2020

The current Covid-19 Crisis 2020 has hit the Eurozone in a highly fragile situation, with a weak and asymmetric … recovery from the Great Financial Crisis, the Great Recession and the following Eurozone Crisis. These crises have also … revealed the weaknesses of the macroeconomic policy institutions and strategies of the Eurozone based on New Consensus …

Persistent link: https://www.econbiz.de/10012239654