| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1863 |
| DP1863 'Globalization' and Relocation in a Vertically Differentiated Industry | |
| Tito Cordella; Isabel Grilo | |
| 发表日期 | 1998-04-30 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | In this paper we argue, first, that the Maastricht-inspired policy mix of monetary and fiscal restriction applied during the first half of the 1990s is, to a significant extent, responsible for the build-up of both the unemployment rate and the government debt to GDP ratios on the European continent. We also contrast this European policy mix with the one applied by the US authorities during the same period, and conclude that the US policy mix of fiscal restriction and monetary ease was more appropriate to reduce budget deficits and debt. Second, we evaluate the risk of the application of monetary and fiscal restriction in the future EMU. In this connection, we argue that the Stability Pact has transformed the 60% Maastricht debt criterion into a 0% debt criterion. |
| 主题 | International Macroeconomics |
| 关键词 | exchange rate Maasticht treaty Monetary integration |
| URL | https://cepr.org/publications/dp1863 |
| 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/531005 |
| 推荐引用方式 GB/T 7714 | Tito Cordella,Isabel Grilo. DP1863 'Globalization' and Relocation in a Vertically Differentiated Industry. 1998. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Tito Cordella]的文章 |
| [Isabel Grilo]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Tito Cordella]的文章 |
| [Isabel Grilo]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Tito Cordella]的文章 |
| [Isabel Grilo]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
