Search Results - subject:"Monetary union"

A single monetary policy for heterogeneous labour markets : the case of the euro area

Gomes, Sandra; Jacquinot, Pascal; Lozej, Matija - 2023

Differences in labour market institutions and regulations between countries of the monetary union can cause divergent …-country heterogeneity in labour market institutions for the conduct of monetary policy in a monetary union. We compute responses to an … inflation. Responding to unemployment reduces cross-country differences within the monetary union and the differences in …

Persistent link: https://www.econbiz.de/10013492935

Monetary policy and local industry structure

Popov, Alexander; Steininger, Lea - 2023

We study how monetary policy affects local market competition in a union of countries experiencing different economic conditions: the euro area. We find that when monetary conditions tighten (loosen), from the point of view of an individual economy, market concentration increases (declines)....

Persistent link: https://www.econbiz.de/10013552619

Passive monetary policy and active fiscal policy in a monetary union

Maćkowiak, Bartosz; Schmidt, Sebastian - 2023

How is the price level determined in a monetary union when the common monetary policy pegs the nominal interest rate … a heterogenous monetary union. Price level determinacy follows if fiscal policy at the level of the union as a whole is …

Persistent link: https://www.econbiz.de/10013553440

Public and private risk sharing : friends or foes : the interplay between different forms of risk sharing

Giovannini, Alessandro; Ioannou, Demosthenes; Stracca, Livio - 2022

, even more so for countries in a monetary union where the single monetary policy is unable to address asymmetric shocks. The … substitutes. It proposes a stylised theoretical model of a monetary union to test the complementarity or substitutability between …

Persistent link: https://www.econbiz.de/10013256112

Italy and the crisis of the European Monetary System

Visco, Ignazio - In: The making of the European Monetary Union : 30 years …, (pp. 53-57). 2023

Persistent link: https://www.econbiz.de/10013566017

Thirty years on, new frontiers for Europe's monetary cooperation

Sandbu, Martin - In: The making of the European Monetary Union : 30 years …, (pp. 109-111). 2023

Persistent link: https://www.econbiz.de/10013566078

The making of the European Monetary Union : 30 years since the ERM crisis

Corsetti, Giancarlo (ed.); Hale, Galina (ed.); … - Centre for Economic Policy Research - 2023

Persistent link: https://www.econbiz.de/10013556928

Global models for a global pandemic: the impact of COVID-19 on small euro area economies

García, Pablo; Jacquinot, Pascal; Lenarčič, Črt; … - 2022

Persistent link: https://www.econbiz.de/10013489549

Political science research on the reasons for the (non) adoption and (non) implementation of EMU reform proposals : the state of the art

Lindner, Vincent; Eckert, Sandra; Nölke, Andreas - 2022

There have been numerous attempts to reform the Economic and Monetary Union (EMU) after the Great Recession, however …

Persistent link: https://www.econbiz.de/10012807765

Ready or not? : constructing the Monetary Union Readiness Index

Erhart, Szilárd - In: Journal of central banking theory and practice 11 (2022) 1, pp. 23-66

While all EU Member States can join the group's monetary union, the euro area, some members are far more ready for the … adoption and use of the single European currency. Here, we construct a new Monetary Union Readiness Index (MURI) for the EU …

Persistent link: https://www.econbiz.de/10012805923

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