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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP1566 |
DP1566 Dual Labour Markets, Urban Unemployment and Multicentric Cities | |
Yves Zenou; Tony Smith | |
发表日期 | 1997-01-31 |
出版年 | 1997 |
语种 | 英语 |
摘要 | This paper analyses four popular themes in the debate about the transition to monetary union: (a) fiscal discipline creating gains in credibility; (b) there being perceptible risk of a bail out for the highly indebted countries; (c) budgets being successfully cut to the required 3% limit in conditions of low growth and low inflation; and (d) the convergence criteria actually being mutually consistent. The usual accounting identities show the first two effects are likely to be small or non-existent, whereas the second two are unlikely to be satisfied. |
主题 | International Macroeconomics |
关键词 | Convergence criteria Credibility Debt and deficit ratios |
URL | https://cepr.org/publications/dp1566 |
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/530707 |
推荐引用方式 GB/T 7714 | Yves Zenou,Tony Smith. DP1566 Dual Labour Markets, Urban Unemployment and Multicentric Cities. 1997. |
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