| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2798 |
| DP2798 Between-Group Competition In The Labour Market And The Rising Returns To Skill: US And France 1964-2000 | |
| Etienne Wasmer | |
| 发表日期 | 2001-05-29 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We examine macroeconomic stability and the properties of the international transmission of business cycles under three exchange rate systems: a flexible, a unilateral peg and a single currency. The subjects of study are Germany and France. EMU increases output and decreases inflation variability in Germany but it has the opposite effect in France. It induces a strong negative international transmission of country specific supply shocks and amplifies the role of German supply shocks. These two facts may complicate ECB policy-making. |
| 主题 | International Macroeconomics |
| 关键词 | Flexible exchange rate Unilateral exchange rate pegging Monetary union International business cycle transmission Taylor rules |
| URL | https://cepr.org/publications/dp2798 |
| 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/531857 |
| 推荐引用方式 GB/T 7714 | Etienne Wasmer. DP2798 Between-Group Competition In The Labour Market And The Rising Returns To Skill: US And France 1964-2000. 2001. |
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