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In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic …
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This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...
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game approach of the endogenous coalition formation literature. The specific policy recommendations in the EMU context …
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Leaving EMU would create great legal uncertainty and costly litigation and would hence involve extremely high costs for … scenarios, whereby particular emphasis is paid to the case where a country decides unilaterally to leave EMU either because of …, implying a non-trivial possibility of escalating tension among the EMU members. …
Persistent link: https://www.econbiz.de/10010301755
Leaving EMU would create great legal uncertainty and costly litigation and would hence involve extremely high costs for … scenarios, whereby particular emphasis is paid to the case where a country decides unilaterally to leave EMU either because of …, implying a non-trivial possibility of escalating tension among the EMU members. …
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