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The political economy under monetary union: has the euro made a difference?

Fratzscher, Marcel; Stracca, Livio - 2008

Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much research has focused on understanding this integration process and what benefits and costs it entails. This paper identifies a political economy channel of EMU as the monetary union...

Persistent link: https://www.econbiz.de/10003794175

The admission of accession countries to an enlarged monetary union : a tentative assessment

Ca'Zorzi, Michele (contributor); … - 2003

Persistent link: https://www.econbiz.de/10001762876

Fiscal and monetary policy in the enlarged European Union (forthcoming)

Pogorelec, Sabina (contributor) - 2006

I build a quantitative two-country DSGE model of the European Union (EU) and investigate whether there are welfare … gains from fiscal policy cooperation between the new EU members and the euro area (EMU). Fiscal cooperation is defined in … firms in the new EU countries. When there is no foreign ownership in the new EU countries, the euro area is indifferent …

Persistent link: https://www.econbiz.de/10003358603

The Maastricht convergence criteria and optimal monetary policy for the EMU accession Countries

Lipińska, Anna (contributor) - 2008

The EMU accession countries are obliged to fulfill the Maastrich convergence criteria prior to entering the EMU. This paper uses a DSGE model of a two-sector small open economy, to address the following question: How do the Maastricht convergence criteria modify optimal monetary policy in an...

Persistent link: https://www.econbiz.de/10003778818

The European Monetary Union as a commitment device for new EU member states

Ravenna, Federico (contributor) - 2005

This paper shows that the credibility gain from permanently committing to a fixed exchange rate by joining the European Monetary Union can outweigh the loss from giving up independent monetary policy. When the central bank enjoys only limited credibility a pegged exchange rate regime yields a...

Persistent link: https://www.econbiz.de/10003057319

Overborrowing and balance of payments imbalances in a monetary union

Sy, Mouhamadou Mounirou - 2015

Persistent link: https://www.econbiz.de/10011540537

In search of the Euro area fiscal stance

Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016

This paper investigates the role of fiscal policies over the aggregate EMU business cycle. Previous studies, based on the assumption of non-separability between public and private consumption, obtain a large public consumption multiplier, a small fraction of non-Ricardian households and,...

Persistent link: https://www.econbiz.de/10011529025

What drives forbearance : evidence from the ECB Comprehensive Assessment

Homar, Timotej; Kick, Heinrich; Salleo, Carmelo - 2015

Persistent link: https://www.econbiz.de/10011349796

Jagged cliffs and stumbling blocks : interest rate pass-through fragmentation during the euro area crisis

Holton, Sarah; Rodriguez d'Acri, Costanza - 2015

Persistent link: https://www.econbiz.de/10011349807

The geography of the great rebalancing in euro area bond markets during the sovereign debt crisis

Beck, Roland; Georgiadis, Georgios; Gräb, Johannes - 2015

Persistent link: https://www.econbiz.de/10011349818

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