Real Wage Rigidities Fiscal Policy And The Stability Of Emu In The Transition Phase

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Real Wage Rigidities Fiscal Policy And The Stability Of Emu In The Transition Phase

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Author : Norbert Berthold
language : en
Publisher: International Monetary Fund
Release Date : 1999-06-01

Real Wage Rigidities Fiscal Policy And The Stability Of Emu In The Transition Phase written by Norbert Berthold and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-06-01 with Business & Economics categories.

EMU started with eleven member countries as scheduled on January 1, 1999. The paper shows that the primacy of politics over economics in this decision could have serious consequences concerning the stability of EMU in the transition phase. Speculative attacks against currencies which are in economic distress due to asymmetric shocks can still happen. A speculative attack as such cannot force a country out of EMU. However, the country concerned might voluntarily decide to leave the system as the costs of staying inside EMU, e.g., due to further rising unemployment, become too large to bear.

Real Wage Rigidities Fiscal Policy And The Stability Of Emu In The Transition Phase

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Author : Norbert Berthold
language : en
Publisher:
Release Date : 2006

Real Wage Rigidities Fiscal Policy And The Stability Of Emu In The Transition Phase written by Norbert Berthold and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.

EMU started with eleven member countries as scheduled on January 1, 1999. The paper shows that the primacy of politics over economics in this decision could have serious consequences concerning the stability of EMU in the transition phase. Speculative attacks against currencies which are in economic distress due to asymmetric shocks can still happen. A speculative attack as such cannot force a country out of EMU. However, the country concerned might voluntarily decide to leave the system as the costs of staying inside EMU, e.g., due to further rising unemployment, become too large to bear.

Real Wage Rigities Fiscal Policy And The Stability Of Emu In The Transition Phase

DOWNLOAD
Author : Norbert Berthold
language : en
Publisher:
Release Date : 1999

Real Wage Rigities Fiscal Policy And The Stability Of Emu In The Transition Phase written by Norbert Berthold and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.

The Effectiveness Of Fiscal Policy In Stimulating Economic Activity

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Author : Richard Hemming
language : en
Publisher: International Monetary Fund
Release Date : 2002-12

The Effectiveness Of Fiscal Policy In Stimulating Economic Activity written by Richard Hemming and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-12 with Business & Economics categories.

This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.

The European Monetary System

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Author : Francesco Giavazzi
language : en
Publisher: Cambridge University Press
Release Date : 1988

The European Monetary System written by Francesco Giavazzi and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Business & Economics categories.

Recoge: 1. The international environment - 2. Disinflation, external adjustment and cooperation - 3. Exchange rates, capital mobility and monetary coordination - 4. The future og the European monetary system.

Emu One Year On

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2000-03-29

Emu One Year On written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-03-29 with categories.

This study assesses economic developments and policies during the inaugural year of Europe's single currency regime. It analyses the economic performance and prospects of the euro area as a whole, and highlights to what extent aggregate trends are shaped by convergence or divergence.

Research Activities Of The Imf January 1991 December 1999

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2000-01-01

Research Activities Of The Imf January 1991 December 1999 written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-01 with Business & Economics categories.

Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.

Labour Costs And Wage Policy Within Emu

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Author : Ben Patterson
language : en
Publisher:
Release Date : 1999

Labour Costs And Wage Policy Within Emu written by Ben Patterson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.

The Political Economy Of European Monetary Unification

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Author : Barry Eichengreen
language : en
Publisher: Routledge
Release Date : 2018-03-08

The Political Economy Of European Monetary Unification written by Barry Eichengreen and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-08 with Political Science categories.

The first edition of this book was published in 1994, as the future of monetary unification in Europe was very much in doubt. With Economic and Monetary Union now in place, it is appropriate to bring the scholarship on the topic up to date for the students of international political economics. To this effect, essayists Jeffry Frieden, Geoffrey Garrett, Lisa L. Martin, Benjamin J. Cohen revised four of the original chapters to reflect new conditions. Editors, Barry Eichengreen and Frieden completely rewrote the introductory essay. Three new chapters by Matthew Gabel, Charles Engel, and Paul De Grauwe et al cover public support for EMU, local currency pricing, and whether Europe is now better off? The updated volume's purpose remains that of bringing the latest in scholarship in Economics and Political Science to bear on the European monetary integration

World Economic Outlook May 1999

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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 1999-05-28

World Economic Outlook May 1999 written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-05-28 with Business & Economics categories.

The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, developing countries, and economies in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.