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Ever since its inception EMU has been subject to controversy. The fiscal policy rules embedded in the Treaty on …
Persistent link: https://www.econbiz.de/10010261176
Ever since its inception EMU has been subject to controversy. The fiscal policy rules embedded in the Treaty on …
Persistent link: https://www.econbiz.de/10005101961
VEver since its inception EMU has been subject to controversy. The fiscal policy rules embedded in the Treaty on …
Persistent link: https://www.econbiz.de/10005696499
The objective of the Stability and Growth Pact is to secure sound fiscal policies, which have remained a national responsibility in Economic and Monetary Union. Ever since it first took effect, the Stability and Growth Pact had been subject to a reform debate, ultimately leading to its redesign...
Persistent link: https://www.econbiz.de/10005627529
its stabilisation effort under different scenarios of fiscal policy discipline and coordination in the union. We find that … fiscal policies stabilisation effort of the central bank, but it increases the monetary authority's reaction to supply shocks. …
Persistent link: https://www.econbiz.de/10010816802
as a stabilisation tool when fiscal limits are tight. The paper finds that the state-dependent reallocation of government …
Persistent link: https://www.econbiz.de/10011241865
Economic and Monetary Union (EMU) can be characterised as a complicated set of legislation and institutions governing …
Persistent link: https://www.econbiz.de/10008774227
Traces how stabilisation policies have affected economic development in general and the level of certain groups in …
Persistent link: https://www.econbiz.de/10010967360
This paper studies stabilisation policies in a multi-country currency union of small open economies. It abstracts from … exogenous to the factors studied here. Demand-side shocks hamper monetary union stabilisation unless members face identical …
Persistent link: https://www.econbiz.de/10011604973
-cooperative and cooperative fiscal stabilisation policies. Regarding welfare spillovers, some additional results are derived to … stabilisation tool, and on possible interactions between fiscal and monetary policy. …
Persistent link: https://www.econbiz.de/10005427381