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Titlebook: Stabilization Policy in an Exchange Rate Union; Transmission, Coordi Valeria Bonis Book 1994 Springer-Verlag Berlin Heidelberg 1994 Europea

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书目名称Stabilization Policy in an Exchange Rate Union
副标题Transmission, Coordi
编辑Valeria Bonis
视频videohttp://file.papertrans.cn/876/875390/875390.mp4
丛书名称Contributions to Economics
图书封面Titlebook: Stabilization Policy in an Exchange Rate Union; Transmission, Coordi Valeria Bonis Book 1994 Springer-Verlag Berlin Heidelberg 1994 Europea
描述The treaty of Maastricht envisages the full economic and monetary union in Europe. With increasing real and monetary integration policy decisions in individual member countries tend to have a growing impact on the other member countries of the European Community. Against this background the following study analyses within a unified theoretical framework the impact of monetary and fiscal policy pursued by one country on its own macroeconomic performance as well as on those of the other member countries and of the rest of the world. The analysis contrasts the cases of a small and a large European union relative to the rest of the world and distinguishes very clearly between the short-run, the medium-run and the long-run effects. Based on this the consequences for union cohesion and the scope for policy coordination are discussed. Since the analytical framework is defined by a three country model many results from the traditional policy coordination literature which relies on two country models are qualified. In contrasts to most previous research in this area particular attention is paid to the implications of asymmetries between the EC member countries. Furthermore, the structural p
出版日期Book 1994
关键词European integration; Fiscal Policy; Fiskalpolitik; Geldpolitik; Wechselkurs; exchange rates; monetary pol
版次1
doihttps://doi.org/10.1007/978-3-642-51526-2
isbn_softcover978-3-7908-0789-9
isbn_ebook978-3-642-51526-2Series ISSN 1431-1933 Series E-ISSN 2197-7178
issn_series 1431-1933
copyrightSpringer-Verlag Berlin Heidelberg 1994
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,Monetary and Fiscal Policy in a “Big” Exchange Rate Union a Strategic Analysis,rom the model studied in chapter IV, the introductory section of which is to be referred to for references to the literature on the policy coordination debate. The medium-run results of the model will be used, as the most idenous for the purpose of analysing policy interactions.
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,An IS-LM-AS Model for a “Small” Exchange Rate Union,lem. The role played by the rest of the world is also considered. This is accomplished using an IS-LM-AS three-country model, in which no symmetry in the union member-countries is assumed, similar to that developed in De Bonis (1992). This allows the study of the problem of the union cohesion, with
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