| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16313 |
| DP16313 The eurozone: what is to be done? | |
| Patrick Minford; Michael R. Wickens; Zhirong Ou; Zheyi Zhu | |
| 发表日期 | 2021-06-30 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We construct a macro DSGE model of the eurozone and its two main regions, the North and the South, with the aim of matching the macro facts of these economies by indirect inference and using the resulting empirically-based model to assess possible new policy regimes. The model we have found to fit the facts suggests that substantial gains in macro stability and consumer welfare are possible if the fiscal authority in each region is given the freedom to respond to its own economic situation. Further gains could come with the restoration of monetary independence to the two regions, in effect creating a second 'southern euro' bloc. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Eurozone Macro stability Fiscal policy Monetary independence |
| URL | https://cepr.org/publications/dp16313 |
| 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/545278 |
| 推荐引用方式 GB/T 7714 | Patrick Minford,Michael R. Wickens,Zhirong Ou,et al. DP16313 The eurozone: what is to be done?. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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。
