Monetary union and fiscal stability : a new approach

Author(s)

• Bohn, Frank

Bibliographic Information

Monetary union and fiscal stability : a new approach

Frank Bohn

（Contributions to economics）

Physica-Verlag, c2000

Note

Includes bibliographical references

Description and Table of Contents

Description

This book addresses the macroeconomic implications of a country's transition to a monetary union. By using a dynamic multi-country simulation model, it is possible to pinpoint a monetary union, and repercussions produced by fiscal retrenchment policies. Interest and exchange rate effects could only be captured once a new approach including innovations in the solution methodology had been developed. Not only can we draw lessons for newly joining members to the EMU or to any other monetary union, but the analysis also implicitly offers a new explanation for the weak Euro in the first half of 1999.

Table of Contents

• Model and Methodological Background: Simulation Framework
• Baseline and Hypothetical EMU Scenarios
• Methodological Specifications and Limitations.- Results and Applications: Simulation Results
• Interest and Exchange Rate Impulses
• Assumptions and the Real World EMU.- Fiscal Policy in Italy - An Extension: Fiscal Consolidation Without EMU
• Fiscal Retrenchment and Hypothetical EMU.- Conclusion.- Appendices: Economic Model and Solution Algorithm
• Simulation Results.

by "Nielsen BookData"

Details

• NCID: BA46685818
• ISBN:
  • 3790812668
• Country Code: gw
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Heidelberg
• Pages/Volumes: xiii, 225 p.
• Size: 24 cm
• Parent Bibliography ID:
  • BA07780590