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The official view on ECB monetary policy claims that monetary decisions are based solely on average data for the euro … zone and that diverging regional developments are disregarded. However, experience from other two tier central banks and … offer some first weak support for an impact of regional divergence in ECB decision making. The results further clarify that …
Persistent link: https://www.econbiz.de/10011447829
Persistent link: https://www.econbiz.de/10001618023
Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...
Persistent link: https://www.econbiz.de/10011441024
Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...
Persistent link: https://www.econbiz.de/10011441669
in the Eurozone. It is the aim of this paper to assess the likely degree of capital mobility in the FH sense within EMU …
Persistent link: https://www.econbiz.de/10011442627
Persistent link: https://www.econbiz.de/10001589917
Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...
Persistent link: https://www.econbiz.de/10013428121
Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...
Persistent link: https://www.econbiz.de/10013428171
in the Eurozone. It is the aim of this paper to assess the likely degree of capital mobility in the FH sense within EMU …
Persistent link: https://www.econbiz.de/10013428227
Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to … not economic necessity have dictated the consolidation in the EU during the 90s. …
Persistent link: https://www.econbiz.de/10000683878