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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP1284 |
DP1284 Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience | |
Francesco Giavazzi; Marco Pagano | |
发表日期 | 1995-11-30 |
出版年 | 1995 |
语种 | 英语 |
摘要 | This paper explores under what conditions a European Monetary Union (EMU) is an optimum currency area. The scope for an EMU increases with convergence of structural and fiscal policies, small money holdings, a conservative European Central Bank, and dependent national central banks. How national policies affect the rest of the Union once the EMU has been formed is also investigated. The case for surveillance of national structural and fiscal policies appears to depend largely on monetary arrangements in the Union. |
主题 | International Macroeconomics |
关键词 | Convergence European central bank European monetary union Inflation aversion Optimal institutions Structural policies |
URL | https://cepr.org/publications/dp1284 |
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/530423 |
推荐引用方式 GB/T 7714 | Francesco Giavazzi,Marco Pagano. DP1284 Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience. 1995. |
条目包含的文件 | 条目无相关文件。 |
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