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Emu: Facts Challenges and Policies
Author: Organisation for Economic Co-operation and Development Staff
Publisher:
Published:
Total Pages:
ISBN-13: 9789269100270
DOWNLOAD EBOOK →EMU Facts, Challenges and Policies
Author: OECD
Publisher: OECD Publishing
Published: 1999-03-18
Total Pages: 216
ISBN-13: 9264172602
DOWNLOAD EBOOK →The launch of the euro reinforces the foundations for unprecedented economic integration encompassing 11 countries, 16 per cent of world GDP and 290 million people. For the first time, the OECD has studied the euro-area as a fully-fledged economic ...
Challenges for Economic Policy Coordination within European Monetary Union
Author: Andrew J. Hughes Hallett
Publisher: Springer Science & Business Media
Published: 2013-06-29
Total Pages: 222
ISBN-13: 1475747381
DOWNLOAD EBOOK →The launch of European Monetary Union (EMU) marked the beginning of a new era, and its establishment has proved an impressive success at the technical, legal, and procedural level. After all, EMU has accelerated economic and political integration in the European Union and tied the economies of the Member States closer together. However, the performance of the euro, high unemployment rates, uneven output and investment growth, and the issue of structural reforms that have yet to be tackled have raised questions about the performance of EMU in practice. There is a general consensus on the justification for economic policy coordination. The existing literature on economic policy coordination, however, seems far from able to provide robust conclusions about how to organize the necessary interaction of institutions and policies. Therefore, there seems to be a case for re-examining the subject under the new framework set by EMU. The objective of such a reassessment is to enhance the understanding of what type of coordination and what institutional setting for policy coordination can be expected to be most favorable. Challenges for Economic Policy Coordination within European Monetary Union provides an intellectually stimulating contribution to the ongoing debate.
EMU and Economic Policy in Europe
Author: Marco Buti
Publisher: Edward Elgar Publishing
Published: 2002-01-01
Total Pages: 520
ISBN-13: 9781781009857
DOWNLOAD EBOOK →Explores issues surrounding the European Monetary Union, including the financial impact of the euro, the behavior of monetary and fiscal authorities, and the consequences of EU enlargement.
Monetary and Fiscal Policies in EMU
Author: Marco Buti
Publisher: Cambridge University Press
Published: 2003-11-13
Total Pages: 376
ISBN-13: 9780521832151
DOWNLOAD EBOOK →Leading scholars and policy makers examine the challenges that are facing economic policies in the EMU today.
Monetary and Wage Policies in the Euro Area
Author: Michael Carlberg
Publisher: Springer Science & Business Media
Published: 2006-11-24
Total Pages: 314
ISBN-13: 3540369341
DOWNLOAD EBOOK →This book studies interactions between monetary and wage policies in the Euro area, closely reviewing and discussing the process of policy competition and the structure of policy cooperation. On policy competition, the book focuses on competition between the European central bank, the American central bank, the German labour union, and the French labour union. As to policy cooperation, the focus is on the same institutions. Includes numerical simulations and solutions.
Dynamic Policy Interactions in a Monetary Union
Author: Michael Carlberg
Publisher: Springer Science & Business Media
Published: 2011-02-16
Total Pages: 346
ISBN-13: 3642182283
DOWNLOAD EBOOK →This book studies the dynamics of monetary and fiscal interactions in the Euro Area. The policy makers are the European Central Bank and national governments. The primary target of the ECB is low inflation. And the primary target of a national government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main focus is on sequential policy decisions. Another focus is on simultaneous and independent policy decisions. And a third focus is on policy cooperation. There are demand shocks, supply shocks, and mixed shocks. There are country-specific shocks and common shocks. The key question is: Given a shock, what are the dynamic characteristics of the resulting process?
The Economic and Business Consequences of the EMU
Author: Hubert Ooghe
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 441
ISBN-13: 1461513839
DOWNLOAD EBOOK →The Economic and Business Consequences of the EMU A Challenge for Governments, Financial Institutions and Firms Hubert Ooghe Conference Chairman, Vlerick Leuven Gent Management School alld Ghent University EMU finally got under way on 1 st January 1999. Since then 11 European countries share a common currency, the Euro, and pursue a common monetary policy managed by the European Central Bank (ECB). After forty years of economic integration, Euroland has the wherewithal with which to enter the 21 st century. However monetary union has implications for nearly all areas of economic activity and decision-making. Throughout the academic world researchers are fully occupied with the theoretical analysis of the impact of the Euro and the effects of incorporating the new operational framework into their economic models. Businesses and government departments are concerned primarily with the practical implementation of the single currency. For all those who playa part in the economy, it is a question of making the most of the macro and micro economic opportunities offered by the Euro and minimising any threats. On 17th and 18th March 2000, after the EMU and Euro were in operation for one year, an international conference was held in Ghent (Belgium) on the economic consequences of the introduction of the EMU and the Euro for governments, financial institutions and firms.
Strategic Policy Interactions in a Monetary Union
Author: Michael Carlberg
Publisher: Springer Science & Business Media
Published: 2009-03-10
Total Pages: 263
ISBN-13: 3540927514
DOWNLOAD EBOOK →This book studies the strategic policy interactions in a monetary union. The leading protagonists are the European Central Bank and national governments. The target of the ECB is low inflation in Europe. The targets of a national government are low unemployment and a low structural deficit. There are demand shocks, supply shocks, and mixed shocks. There are country-specific shocks and common shocks. This book develops a series of basic, intermediate, and more advanced models. Here the focus is on the Nash equilibrium. The key questions are: Given a shock, can policy interactions reduce the existing loss? And to what extent can they do so? Another topical issue is policy cooperation. To illustrate all of this there are a lot of numerical examples. The present book is part of a larger research project on European Monetary Union, see the references given at the back of the book. Some parts of this project were presented at the World Congress of the International Economic Association, at the International Conference on Macroeconomic Analysis, at the International Institute of Public Finance, and at the International Atlantic Economic Conference. Other parts were presented at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association, at the Göttingen Workshop on International Economics, at the Halle Workshop on Monetary Economics, at the Research Seminar on Macroeconomics in Freiburg, at the Research Seminar on Economics in Kassel, and at the Passau Workshop on International Economics.
