G2TT
来源类型Discussion paper
规范类型论文
来源IDDP5156
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
URLhttps://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.
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