G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1769
DP1769 Unemployment versus Mismatch of Talents: Reconsidering Unemployment Benefits
Ramon Marimon; Fabrizio Zilibotti
发表日期1997-12-19
出版年1997
语种英语
摘要If Stage Three of EMU starts on 1 January 1999, transition issues remain on two time scales. Until 1 July 2002, national currencies and the euro coexist as legal tender. We argue that intra-EMU currency risk exists in principle during that period, but that no EMU member can be forced out through speculative attacks. Cohabitation of Ins and Outs has an open-ended time scale. We discuss the effect of EMU on incentives for both Ins and Outs to undertake structural reform and the coordination problems associated with the distribution of seigniorage revenue and the Stability and Growth Pact.
主题International Macroeconomics
关键词European monetary union Stability and growth pact Structural reforms
URLhttps://cepr.org/publications/dp1769
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/530911
推荐引用方式
GB/T 7714
Ramon Marimon,Fabrizio Zilibotti. DP1769 Unemployment versus Mismatch of Talents: Reconsidering Unemployment Benefits. 1997.
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