| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1711 |
| DP1711 A Disaggregate Analysis of the Evolution of Job Tenure in Britain, 1975-93 | |
| Simon Burgess; Hedley Rees | |
| 发表日期 | 1997-10-31 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | This paper reviews the history, economic rationale and main components of the project of establishing a monetary union in Europe by 1999. The adoption of a single currency is shown to be the best available option following the liberalization of capital movements. Much of the institutional design (central bank independence and objectives, fiscal restraints) reflects Germany?s fears of inflation as it is asked to give up its currency. The fiscal restraints are excessive, however, and a source of contractionary bias. The paper also presents the timetable of the final countdown. |
| 主题 | International Macroeconomics |
| 关键词 | Capital mobility Convergence Europe Fiscal restraints Monetary union |
| URL | https://cepr.org/publications/dp1711 |
| 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/530854 |
| 推荐引用方式 GB/T 7714 | Simon Burgess,Hedley Rees. DP1711 A Disaggregate Analysis of the Evolution of Job Tenure in Britain, 1975-93. 1997. |
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