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Monetary policy in EMU when the transmission is asymmetric and uncertain
De Grauwe, Paul; Sénégas, Marc-Alexandre - 2003
In this paper we address the issue of how transmission uncertainty could affect the choice between a federal monetary policy based on national data and one on aggregated data.We find that the uncertainty about the transmission process increases the need to take into account information about...
Persistent link: https://www.econbiz.de/10011506467
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Monetary policy in EMU when the transmission is asymmetric and uncertain
De Grauwe, Paul; Sénégas, Marc-Alexandre - 2003
In this paper we address the issue of how transmission uncertainty could affect the choice between a federal monetary policy based on national data and one on aggregated data. We find that the uncertainty about the transmission process increases the need to take into account information about...
Persistent link: https://www.econbiz.de/10001753567
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The fragility of two monetary regimes : the European monetary system and the Eurozone
Ji, Yuemei; De Grauwe, Paul - 2013
We analyze the similarities and the differences in the fragility of the European Monetary system (EMS) and the Eurozone. We test the hypothesis that in the EMS the fragility arose from the absence of a credible lender of last resort in the foreign exchange markets while in the Eurozone it was...
Persistent link: https://www.econbiz.de/10010210104
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Monetary policies in the presence of asymmetries
De Grauwe, Paul - 2000
Persistent link: https://www.econbiz.de/10013423016
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Exchange rates in search of fundamentals : the case of the Euro-Dollar rate
De Grauwe, Paul - 2000
Persistent link: https://www.econbiz.de/10013423191
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Structural reforms, growth and inequality : an overview of theory, measurement and evidence
Campos, Nauro; De Grauwe, Paul; Ji, Yuemei - 2017
theoretical framework for the relationship between structural reforms, economic growth and income inequality. We argue that … and political constraints play crucial roles in determining the effectiveness of reforms on economic growth and income …
Persistent link: https://www.econbiz.de/10011780603
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Exchange rate regimes and macroeconomic stability in Central and Eastern Europe
De Grauwe, Paul; Schnabl, Gunther - 2004
(CEE) EU candidate countries. The panel estimations for the period between 1994 and 2002 show that de facto measures of … exchange rate stability have a better explanatory power than the de jure measures in the inflation and growth equations. For … well as a highly significant positive impact of exchange stability on real growth. When sub-dividing the period into a high …
Persistent link: https://www.econbiz.de/10011402440
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De EMU zonder Belgie͏̈?
De Grauwe, Paul - 1995
Persistent link: https://www.econbiz.de/10000902390
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The Maastricht Treaty as an obstacle to monetary union
De Grauwe, Paul - 1993
Persistent link: https://www.econbiz.de/10000875558
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Inflation targeting to achieve inflation convergence in the transition towards EMU
De Grauwe, Paul - 1996
Persistent link: https://www.econbiz.de/10000940637