Macroeconomic policy coordination in Europe : the ERM and monetary union
著者
書誌事項
Macroeconomic policy coordination in Europe : the ERM and monetary union
Sage Publications, c1992
- : hbk
- : pbk
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注記
Bibliography: p. [275]-286
At foot of title page: National Institute of Economic and Social Research
内容説明・目次
内容説明
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.
目次
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
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