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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP5156 |
DP5156 Doha Merchandise Trade Reform: What?s at Stake for Developing Countries? | |
Kym Anderson; Dominique van der Mensbrugghe; Will Martin | |
发表日期 | 2005-07-23 |
出版年 | 2005 |
语种 | 英语 |
摘要 | We examine monetary policy in the euro area from both theoretical and empirical perspectives. We discuss what theory tells us the strategy of Central banks should be and contrasts it with the one employed by the ECB. We review accomplishments (and failures) of monetary policy in the euro area and suggest changes that would increase the correlation between words and actions; streamline the understanding that markets have of the policy process; and anchor expectation formation more strongly. We examine the transmission of monetary policy shocks in the euro area and in some potential member countries and try to infer the likely effects occurring when Turkey joins the EU first and the euro area later. Much of the analysis here warns against having too high expectations of the economic gains that membership to the EU and euro club will produce. |
主题 | International Macroeconomics |
关键词 | Pillars Communication Transmission Eu newcomers |
URL | https://cepr.org/publications/dp5156 |
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/534041 |
推荐引用方式 GB/T 7714 | Kym Anderson,Dominique van der Mensbrugghe,Will Martin. DP5156 Doha Merchandise Trade Reform: What?s at Stake for Developing Countries?. 2005. |
条目包含的文件 | 条目无相关文件。 |
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