Showing 1 - 10 of 86,488
Persistent link: https://www.econbiz.de/10010367558
standard or EMU initially seemed to restrict the scope of state action. Therefore, the euro – like previously the gold standard … – provided some (fiscal) policy credibility. Policy credibility was a main determinant of capital market integration and low … government borrowing costs in Europe under both systems. However, I shall emphasize that the membership in the gold or euro club …
Persistent link: https://www.econbiz.de/10013063921
Persistent link: https://www.econbiz.de/10009663331
Persistent link: https://www.econbiz.de/10013422294
credibility play an important role not only in monetary policy, but also in fiscal policy. …
Persistent link: https://www.econbiz.de/10010483952
credibility play an important role not only in monetary policy, but also in fiscal policy. …
Persistent link: https://www.econbiz.de/10009764994
credibility play an important role not only in monetary policy, but also in fiscal policy. …
Persistent link: https://www.econbiz.de/10010225802
The aim of our paper is to contribute to the debate on optimal fiscal rules in a monetary union: in terms of global budgetary deficit, of structural budgetary deficit, or of public debt. Indeed, these rules seem to be mixed in the framework of the European Economic and Monetary Union, with the...
Persistent link: https://www.econbiz.de/10010482338
Persistent link: https://www.econbiz.de/10012650969
Persistent link: https://www.econbiz.de/10011720016