Emu Enlargement, Policy Uncertainty and Economic Reforms

The paper analyzes the relation between monetary uncertainty and government incentives to implement economic reforms that reduce structural distortions and make economies more flexible. It is shown that uncertainty about the central bank's reaction function leads to more reforms. I relate this result to the debate about central bank setup in a larger monetary union

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Year of publication:	[2021]
Authors:	Hefeker, Carsten
Publisher:	[S.l.] : SSRN
Subject:	Wirtschaftsreform \| Economic reform \| EU-Mitgliedschaft \| EU membership \| Eurozone \| Euro area \| Osteuropa \| Eastern Europe \| EU-Staaten \| EU countries \| Geldpolitik \| Monetary policy \| Politische Instabilität \| Political instability \| Risiko \| Risk

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Extent:	1 Online-Ressource (27 p)
Series:	CESifo Working Paper Series ; No. 1767
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2006 erstellt
Other identifiers:	10.2139/ssrn.922673 [DOI]
Classification:	D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; F33 - International Monetary Arrangements and Institutions
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013317517