G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1194
DP1194 Do Other Firms Matter in Oligopolies?
Pasquale Scaramozzino; Jonathan Haskel
发表日期1995-06-30
出版年1995
语种英语
摘要In order to assess the costs of a European Monetary Union, we use a structural VAR approach based on the long-run identifying scheme pioneered by Blanchard and Quah and extended by others. We then apply the approach to as many EU members as data limitations permit: namely, Germany, Spain, France, Italy, the Netherlands and the United Kingdom. By identifying a separate shock which would cause exchange rate jumps in the short run, we hope to assess the extent to which such jumps would produce short-run movements in prices as opposed to volumes in each country. Thereby, we hope to see how much sacrifice each EU member would suffer from the surrender of independent monetary policy. Similarly, we try to identify a separate shock to home absorption in order to see how much profit each EU member would have in preserving their fiscal policy independence inside of EMU. The asymmetry between the shocks hitting the country members of a monetary union remains an issue in the paper; but it is only one of several.
主题International Macroeconomics
关键词European monetary union Optimum currency areas Structural var
URLhttps://cepr.org/publications/dp1194
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/530335
推荐引用方式
GB/T 7714
Pasquale Scaramozzino,Jonathan Haskel. DP1194 Do Other Firms Matter in Oligopolies?. 1995.
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