G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1284
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
URLhttps://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.
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