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"normal" EU-accession and eventual participation in the Eurozone? Having conducted empirical regional reports, the Ezoneplus …
Persistent link: https://www.econbiz.de/10002610584
Euroraum in den Mittelpunkt stellt. Die Arbeit konzentriert sich dann insbesondere auf die Determinanten der Geldpolitik, weil …
Persistent link: https://www.econbiz.de/10003744533
Seit dem Begin der Europäischen Währungsunion (EWU) steht die Finanzpolitik in den Staaten des Euroraums ganz im … der Finanzpolitik für den Zeitraum von 2001 bis 2005 im Euroraum und seinen einzelnen Mitgliedsstaaten und vergleicht sie … mit denen der Finanzpolitik in den USA. Während die US-Finanzpolitik aktiv anti-zyklisch dem Abschwung entgegengewirkt hat …
Persistent link: https://www.econbiz.de/10003744534
Empirically, the macroeconomic institutions and the macroeconomic policy approach in the Eurozone have failed badly … Eurozone can be seen as a version of what Steindl (1979) had called 'stagnation policy'. To underline this argument, I will … approach of the Eurozone which has been based on the New Consensus Macroeconomics (NCM) and I will highlight its main …
Persistent link: https://www.econbiz.de/10011919735
The current Covid-19 Crisis 2020 has hit the Eurozone in a highly fragile situation, with a weak and asymmetric … recovery from the Great Financial Crisis, the Great Recession and the following Eurozone Crisis. These crises have also … revealed the weaknesses of the macroeconomic policy institutions and strategies of the Eurozone based on New Consensus …
Persistent link: https://www.econbiz.de/10012239654
This paper has been prepared as a part of a broader Ezoneplus project that evaluates European Monetary Union (EMU) and its enlargement to prospective members in central and eastern Europe. The project is financially supported by European Commission (HPSE-CT-2001-00084). It contains the following...
Persistent link: https://www.econbiz.de/10002187556
After joining EU, the accession countries are expected to join the EMU and the euro-area. This cannot take place immediately after EU enlargement, as prior joining euro-area the accession countries should apply to the European Commission for entering EMU stage three and fulfil Maastricht...
Persistent link: https://www.econbiz.de/10002610585
This paper reviews the macroeconomic policies and performance of the three Nordic EU countries. The experiences of Denmark, Finland and Sweden from the turbulent economic developments of the 1990s and from adjusting their public sectors to fiscal consolidation are illustrating, not least for the...
Persistent link: https://www.econbiz.de/10002610586
This regional input analyses recent developments and future prospects of fiscal policy (part I) and monetary policy (part II) of Benelux, France and Germany (EMU-5) covering the period of 1997-2004. The fiscal policy part concentrates on budgetary effects of the eastward enlargement. Besides,...
Persistent link: https://www.econbiz.de/10002610588
The recent outset of European Monetary Integration with the introduction of a unique currency and a full centralization of monetary policy together with the increasing integration of global capital markets, stimulated a large body of research on monetary policy rules. Since Lucas' critique, the...
Persistent link: https://www.econbiz.de/10002612392