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"Adjusting to EMU: The impact of monetary union on domestic fiscal and wage-setting institutions"
Enderlein, Henrik. - 2003
This paper argues that when EU member states joined EMU, this resulted in domestic institutional changes in the areas … of fiscal policy-making and wage-setting. The paper argues that these changes were triggered by two facts: (i) in EMU …. Assuming that EMU member states will seek to use fiscal policy or wage-setting in order to re-stabilize output, the theoretical …
Persistent link: https://www.econbiz.de/10009463689
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European Fiscal Policy Coordination and the Persistent Myth of Stabilization
Jones, Erik. - 2007
[From the introduction]. Institutional and ideological influences are not as important as they might seem at first glance. Seen from Bologna, there are good reasons to doubt the mainstream critique of European macroeconomic governance. Probably the most important is the bias in the conventional...
Persistent link: https://www.econbiz.de/10009463767
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Strategic Signals and Multilateral Fiscal Surveillance
Steclebout-Orseau, Eloise,; Hallerberg, Mark. - 2007
We present a game that first models the relationship among a population, a government and a watchdog. The focus is on the incentives that the government faces when making fiscal policy decisions. The population has incomplete information about the type of government that is in office, but an...
Persistent link: https://www.econbiz.de/10009463769
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"The Fiscal Policy Implications of European Economic and Monetary Union and its Implications for Great Britain"
Hyde, Andrew G. - 1991
movement toward any substantial kind of union is in the realm of economic and monetary affairs (EMU). Originally intended for … between member countries, EMU, even in the draft stage, is taking on a much larger significance for the economies of each …
Persistent link: https://www.econbiz.de/10009463821
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"The Fiscal Policy Implications of European Economic and Monetary Union and its Implications for Great Britain"
Hyde, Andrew G. - 1991
movement toward any substantial kind of union is in the realm of economic and monetary affairs (EMU). Originally intended for … between member countries, EMU, even in the draft stage, is taking on a much larger significance for the economies of each …
Persistent link: https://www.econbiz.de/10009463863
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"Growth in an open economy: some recent developments"
Turnovsky, Stephen J. - 2000
This paper discusses some of the recent developments in growth theory, doing so from the perspective of a small open economy. After setting out a basic generic model, we show how it may yield two of the key models that have played a prominent role in the recent literature, the endogenous growth...
Persistent link: https://www.econbiz.de/10009463897
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"Adjusting to EMU: The impact of monetary union on domestic fiscal and wage-setting institutions"
Enderlein, Henrik. - 2003
This paper argues that when EU member states joined EMU, this resulted in domestic institutional changes in the areas … of fiscal policy-making and wage-setting. The paper argues that these changes were triggered by two facts: (i) in EMU …. Assuming that EMU member states will seek to use fiscal policy or wage-setting in order to re-stabilize output, the theoretical …
Persistent link: https://www.econbiz.de/10009463920