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Fiscal Transfers in a Monetary Union with Exit Option
Hefeker, Carsten - 2015
It is widely debated whether a monetary union has to be accompanied by a fiscal transfer scheme to accommodate asymmetric shocks. We build a model of a monetary union with a central bank and two heterogeneous countries that are linked by a fiscal transfer scheme with repercussions on monetary...
Persistent link: https://www.econbiz.de/10013025966
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Structural reforms and the enlargement of monetary union
Hefeker, Carsten - 2000
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...
Persistent link: https://www.econbiz.de/10009781545
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Helping with the homework : support mechanisms for uncertain reforms in a monetary union
Hefeker, Carsten - In: Jahrbücher für Nationalökonomie und Statistik 239 (2019) 5/6, pp. 983-1004
Persistent link: https://www.econbiz.de/10012122243
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One country, one vote? : labor market structure and voting rights in the ECB
Berger, Helge; Hefeker, Carsten - 2004
The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right … policy implications for EMU enlargement and ECB restructuring. …
Persistent link: https://www.econbiz.de/10011402520
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One country, one vote? : Labor market strukture and voting rights in the ECB
Berger, Helge; Hefeker, Carsten - 2004
Persistent link: https://www.econbiz.de/10002074694
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One country, one vote? : labor market structure and voting rights in the ECB
Berger, Helge; Hefeker, Carsten - 2004
The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right … policy implications for EMU enlargement and ECB restructuring. …
Persistent link: https://www.econbiz.de/10002047404
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One size must fit all national devergences in a monetary union
Gros, Daniel; Hefeker, Carsten - 2000
What political objective should a common central bank in a heterogeneous monetary union pursue? Should it base its decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national rates of inflation and growth? We find that a central bank...
Persistent link: https://www.econbiz.de/10001524212
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Asymmetric transmission of monetary policy : what should the ECB do if one size does not fit all?
Gros, Daniel; Hefeker, Carsten - In: European monetary integration, (pp. 45-63). 2004
Persistent link: https://www.econbiz.de/10002379549
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One country, one vote? : labor market structure and voting rights in the ECB
Berger, Helge; Hefeker, Carsten - 2004
The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right … policy implications for EMU enlargement and ECB restructuring. -- monetary policy ; wage setting ; European Monetary Union … ; European Central Bank ; euro area ; ECB reform ; EMU enlargement ; accession countries …
Persistent link: https://www.econbiz.de/10009303509
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One size must fit all : national divergences in a monetary union
Gros, Daniel; Hefeker, Carsten - In: German economic review 3 (2002) 3, pp. 247-262
Persistent link: https://www.econbiz.de/10001688356