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The problems regarding Italy's proposed adherence to the European Economic and Monetary Union are discussed, particularly, the procedures in determining the public budget and their possible changes. Transparency in the budget process is needed to be able to do this task. The implications of the...
Persistent link: https://www.econbiz.de/10010765229
This paper reviews the main macroeconomic trends and the debate on policy priorities in Italy since the advent of EMU …
Persistent link: https://www.econbiz.de/10010765231
monetary union (EMU). Two major causes have been identified for one crisis in the EMS in September 1992 and its subsequent …
Persistent link: https://www.econbiz.de/10010765250
The problems regarding Italy's proposed adherence to the European Economic and Monetary Union are discussed, particularly, the procedures in determining the public budget and their possible changes. Transparency in the budget process is needed to be able to do this task. The implications of the...
Persistent link: https://www.econbiz.de/10010765277
Both in science as in politics, the euro project is an intensively discussed topic. While some predict maintaining it will lead europe in a glorious future, others consider it to be the evil ruining the old continent. The present work addresses the question how common pool ressources, that are...
Persistent link: https://www.econbiz.de/10010769213
This article tries to evaluate the impact of domestic and international factors on both deficits and deficit reduction in the European Union. Based on data covering 14 countries and 20 fiscal years (1978-97) we test the major hypotheses in the political economy literature. Beyond the...
Persistent link: https://www.econbiz.de/10010772655
through simulations that track the developments leading to Europe's Economic and Monetary Union (EMU). …
Persistent link: https://www.econbiz.de/10010772687
In this paper we analyze European business cycles before and under EMU. Across the two periods we find 1) a significant … able to replicate key features of the data prior to and under EMU.We find that the euro has a strong bearing on the … transmission mechanism as cross-country spillovers increase substantially under EMU. As a result, foreign shocks become more and …
Persistent link: https://www.econbiz.de/10010727661
Economic and Monetary Union (EMU) has changed the monetary policy regime applicable in Austria in many respects, but … the stability orientation of Austria's monetary policy has been maintained. EMU's institutional framework and the actual … policymakers or institutions, an approach Austria had already followed under the hard currency regime, was maintained under EMU …
Persistent link: https://www.econbiz.de/10010727671
This paper estimates the readiness of the Accession Countries of Central and East Europe for EMU or for unilateral …
Persistent link: https://www.econbiz.de/10010727778