| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP448 |
| DP448 EMU and Asymmetries and Adjustment Problems in the EMS | |
| Axel A. Weber | |
| 发表日期 | 1990-08-01 |
| 出版年 | 1990 |
| 语种 | 英语 |
| 摘要 | The paper empirically analyzes asymmetries in the EMS with special reference to their implication for the creation of a monetary union (EMU). Two types of asymmetries are analyzed: those in the form of "German dominance" are detected in the conduct of monetary policies in the EMS, in particular when the concept of "Granger causality" is applied in vector autoregressions using money-market interest rates through which most of the short-term policy impulses are transmitted; and second, asymmetries in the shocks to macroeconomic variables are discussed. |
| 主题 | International Macroeconomics |
| 关键词 | Economic integration Europe European monetary system Exchange rates monetary policy |
| URL | https://cepr.org/publications/dp448 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529603 |
| 推荐引用方式 GB/T 7714 | Axel A. Weber. DP448 EMU and Asymmetries and Adjustment Problems in the EMS. 1990. |
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