Macroeconomic policy coordination in Europe : the ERM and monetary union

Author(s)

• Barrell, Ray
• Whitley, John (John D.)
• National Institute of Economic and Social Research

Bibliographic Information

Macroeconomic policy coordination in Europe : the ERM and monetary union

edited by Ray Barrell and John Whitley

Sage Publications, c1992

• : hbk
• : pbk

Note

Bibliography: p. [275]-286

At foot of title page: National Institute of Economic and Social Research

Description and Table of Contents

Description

Despite the progression towards the formation of European Monetary Union (EMU) there still exists considerable disagreement between economists about the relative merits of the current European Monetary System (EMS), EMU and a return to independent policy under floating exchange rates. This book is designed to contribute to this debate on monetary union in Europe by using large scale macroeconomic models of the world economy, including the OECD interlink model and the widely used NiGEM model, to evaluate the EMU, the EMS and the floating exchange rate policies. Various modelling groups address the issues facing Europe and the implications for policy analysis. The objective of the book is to show that the path to monetary union is possible, but that care has to be taken with the design of policies along that path.

Table of Contents

Introduction - Ray Barrell and John Whitley Evaluating the EMS and EMU Using Stochastic Simulations - Paul R Masson and Steven Symansky Some Issues ERM and EMU - Survival, Costs and Prospects - Patrick Minford, Anupam Rastogi and Andrew Hughes-Hallett Forward Looking Wages and the Analysis of Monetary Union - Bob Anderton, Ray Barrell and Jan Willem in't Veld Wage Regimes in a United Europe - Gustav Adolf Horn and Rudolf Zwiener A Simulation Study on QUEST Aspects of Monetary Union - Model-Based Simulation Results - John Whitley Policy Collaboration and Information Exchanges with Risk Averse Policymakers - Andrew Hughes Hallett The Case for Making Strategic Model Choices Is The Road to Monetary Union Paved With Recession? - John Driffill and Marcus Miller Exchange-Rate Realignments in the European Monetary System - Andrew Britton A Supply-Side View on European Integration - Anthonie Knoester and Andr[ac]e Kolodziejak The Case of the EMU Current Account Imbalances and the Role of Exchange Rates - Frank A M van Erp, Nico I M van Leeuwen and Hans R Timmer German Reunification and European Monetary Policy - Jean-Pierre Chauffour, H[ac]el[gr]ene Harasty and Jean Le Dem

by "Nielsen BookData"

Details

• NCID: BA1951896X
• ISBN:
  • 0803987641
  • 080398765X
• Country Code: uk
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: London ; Newbury Park, Calif.
• Pages/Volumes: x, 286 p.
• Size: 23 cm
• Classification:
  • NDC9 : 338.97
• Subject Headings:
  • LCSH : European Monetary System
  • LCSH : Monetary policy -- European Economic Community countries -- Econometric models
  • LCSH : Monetary unions -- Econometric models
  • LCSH : Foreign exchange rates -- European Economic Community countries -- Econometric models
  • LCSH : Wages -- European Economic Community countries -- Econometric models