Economic and monetary union: underlying imperatives and third-stage dilemmas
In: Journal of European public policy, Band 4, Heft 3, S. 455-485
ISSN: 1466-4429
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In: Journal of European public policy, Band 4, Heft 3, S. 455-485
ISSN: 1466-4429
In: International journal / Canadian Institute of International Affairs, Band 47, Heft 1, S. 93-111
ISSN: 2052-465X
In: International journal / Canadian Institute of International Affairs, Band 47, Heft 1, S. 93-111
ISSN: 0020-7020
World Affairs Online
In: International Journal, Band 47, Heft 1, S. 93
In: Public choice, Band 116, Heft 1-2, S. 243-246
ISSN: 0048-5829
The book The European Monetary Union in a Public Choice Perspective, by Jennifer C. Martin-Das, is reviewed.
In: The Manchester School, Band 75, Heft s1, S. 21-43
ISSN: 1467-9957
The European Monetary Union raises new and interesting questions about the coordination of monetary and fiscal policy. In this lecture, I discuss some of these questions and the answers that a new class of models—new neoclassical synthesis (NNS) models—is currently giving to them. I will argue that the new questions expose some weaknesses in current NNS modeling; in particular, the models do not seem to explain the positive correlation between national inflation and growth differentials that has been observed in the European data. I also review some recent work that has been done on policy coordination within a currency union.
In: Contemporary economic policy: a journal of Western Economic Association International, Band 9, Heft 4, S. 20-38
ISSN: 1465-7287
The European Community (EC) seems headed toward monetary union, either with "permanently" fixed exchange rates or with a common currency. Ceteris paribus, the breakup of the Soviet empire in Eastern Europe makes monetary union less desirable. One can expect further shocks from the East. Analyzing stock markets' reactions to events in the East from late 1988 to early 1990 shows that these shocks typically differentially affect EC members, particularly Germany. These differential shocks often call for adjustments in relative national price levels, which can be accomplished most easily with exchange‐rate adjustments. The likelihood of such pressures reduces the credibility of a system of pegged rates and makes the system more vulnerable to speculative runs. A common currency is more credible by its nature but may give an inflationary bias to the European Monetary Union.
In: Journal of common market studies: JCMS, Band 48, Heft 5, S. 1237-1260
ISSN: 0021-9886
World Affairs Online
In: World Economy, 2014; doi: 10.1111/twec.12243
SSRN
In: Working paper 626
In: Social affairs series E-1
In: Working paper / European Parliament, Directorate General for Research
In: International affairs, Band 93, Heft 1, S. 216-217
ISSN: 1468-2346
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 37, Heft 6, S. 990-1004
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 37, Heft 6, S. 990-1004
ISSN: 0161-8938